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Robinhood dropped in after-hours trading on Tuesday after the trading platform’s latest earnings missed analyst expectations, while crypto revenues tanked in the fourth quarter.
Robinhood reported record net revenues of $1.28 billion in Q4, missing Wall Street expectations of $1.34 billion despite increasing 27% year-on-year.
Its crypto-based revenues fell 38% from last year to $221 million after the crypto market entered an extended drawdown in October.
The company’s net income for the quarter fell…
