Data: Robinhood Q4 2023 cryptocurrency trading revenue increased by 10% year-on-year
ChainCatcher news, Robinhood's revenue from cryptocurrency trading increased by 10% year-on-year in the fourth quarter of 2023, reaching $43 million due to the rise in users trading cryptocurrencies. According to FactSet data, the trading platform's total revenue for the fourth quarter was $471 million, exceeding the analysts' average expectation of $454.7 million. Meanwhile, earnings per share were $0.03, surpassing the expected loss of $0.01 per share.
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