Robinhood Logs a Record 16.4 Billion Event Contracts and Adds a 14th $100 Million Business Line
Robinhood reported a record 16.4 billion event contracts and added a 14th $100 million business line, but diluted earnings per share of $0.51 missed forecasts. Crypto revenue rose 20% quarter over quarter to $120 million, yet was down 55% from a year earlier. Traders get a mixed read: strong non-crypto growth and diversification against a sharp annual decline in crypto revenue and an earnings miss.