Robinhood Stock Declines 8% Following Disappointing Earnings Report Due to Sluggish Crypto Trading Revenue
Robinhood experienced a decline in its first-quarter earnings and revenue, missing estimates, largely due to a significant drop in crypto trading revenue. However, growth in other areas pushed overall revenue higher. The company reported adjusted earnings per share of $0.38, falling short of the expected $0.39. Total revenue increased by 15% year-over-year to $1.07 billion, but was below the anti…
April 28, 2026, 8:28 p.m.