Robin Hood Misses Q4 Revenue Estimates Amid Crypto Market Decline

Ronin Hood's Q4 revenue reached $1.28 billion, falling short of Wall Street estimates at $1.34 billion.

The trading platform's crypto-based revenues decreased by 38% year-over-year to $221 million as the crypto market experienced a prolonged correction in October.

Net income for the quarter dropped 34% compared to the previous year, reaching $605 million, while earnings per share came in at 66 cents, slightly beating analyst estimates of 63 cents.