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Home BlockchainRobinhood Shares Slide on Q4 Miss Amid Bitcoin, Crypto Weakness
Blockchain

Robinhood Shares Slide on Q4 Miss Amid Bitcoin, Crypto Weakness

by Decrypt
written by Decrypt 0 comments
Robinhood Shares Slide on Q4 Miss Amid Bitcoin, Crypto Weakness

In brief

  • Robinhood disclosed $1.28 billion in fourth-quarter revenue.
  • Revenue from crypto transactions fell sequentially to $221 million.
  • Prediction markets continued to serve as a bright spot.

Robinhood disclosed $1.28 billion in fourth-quarter revenue on Thursday, snapping a streak of earnings beats amid a recent downturn in crypto markets.

The company posted a 27% increase in revenue compared to the same period a year ago, but below analysts’ expectations of $1.35 billion.

Net income fell 33%…

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