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PulseReporter > Blog > Money > Robinhood posts report revenue as post-election buying and selling frenzy lifts volumes
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Robinhood posts report revenue as post-election buying and selling frenzy lifts volumes

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Last updated: February 14, 2025 8:40 am
Pulse Reporter 5 months ago
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Robinhood posts report revenue as post-election buying and selling frenzy lifts volumes
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Avishek Das | SOPA Photographs | Lightrocket | Getty Photographs

Buying and selling platform Robinhood reported a surge in fourth-quarter revenue on Wednesday, fueled by frenetic exercise in fairness and crypto markets following Donald Trump’s presidential election victory.

Shares of the corporate surged greater than 11% in prolonged buying and selling.

Robinhood’s transaction-based income, or revenue generated from charges for facilitating buying and selling in choices, cryptocurrency and equities, jumped 236% within the quarter to $672 million from a yr earlier.

Almost half of these features got here from a 700% rise in income associated to crypto buying and selling as bitcoin continued its speedy march in the direction of the $100,000 mark within the quarter on hopes of favorable insurance policies below the brand new Trump administration.

“We hit the gasoline on product growth in 2024 with a brand new platform for energetic merchants, Gold Card launch, an expanded UK and EU product suite, and way more,” Robinhood co-founder and CEO Vlad Tenev stated.

The Menlo Park, California-based firm reported a revenue of $916 million, or $1.01 per share, within the three months ended Dec. 31. That compares with $30 million, or 3 cents per share, a yr earlier.

It booked a deferred tax advantage of $369 million, or 41 cents per share, primarily from the discharge of its valuation allowance on most of its internet deferred tax property, the corporate stated.

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