From Yahoo Finance: 2025-04-30 16:10:00

Retail trading platform Robinhood reported that its first-quarter profit more than doubled, driven by increased trading volumes from clients seeking to hedge their positions in volatile markets. Transaction-based revenue, including fees from options, cryptocurrency, and equities trading, rose 77%. The company saw a 100% increase in crypto trading activity due to the choppy nature of bitcoin. Net income attributable to common stockholders was $336 million, or 37 cents per share, exceeding analysts’ expectations. Total net revenue climbed 50% to $927 million, with total platform assets reaching $221 billion. Robinhood also saw a surge in subscribers to its premium services program, Robinhood Gold.



Read more at Yahoo Finance: Robinhood tops quarterly profit estimates as volatility fuels trading volumes surge