Crypto Crash Pulls Down Robinhood – Has the Bottom Been Reached?

Robinhood has clearly missed revenue expectations in the fourth quarter, further intensifying the stock's recent weakness. Revenue rose by 27% to $1.28 billion, but remained significantly below the expected $1.36 billion. Earnings per share fell by 35% to $0.66, slightly exceeding estimates of $0.63. In particular, transaction-based revenues of $776 million fell short of forecasts, which were at $798 million. Crypto Business Becomes a Drag The main reason for the disappointment is the crypto segment. The sharp decline in Bitcoin and other digital...