Robinhood Beats Revenue Expectations in Q4, Reports $471 Million
- 3 months ago
Robinhood reported fourth-quarter revenue of $471 million, surpassing analysts' estimates of $457 million. Net deposits on the Robinhood platform were $4.6 billion for Q4, outpacing last year. Crypto revenue was $43 million, topping estimates of $37 million as Bitcoin hit two-year highs. Robinhood expects total operating expenses between $1.85 to 1.95 billion for 2024. CEO Vlad Tenev said 2023 was strong and 2024 is off to an even better start with more customers and deposits.