Retail trading giant Robinhood's earnings surpass expectations, but cryptocurrency revenue falls short of forecasts.Authors: He Hao, Long Yue, Wall Street Insights
"America's Internet Celebrity Brokerage" Robinhood Delivers Impressive Q3 Results
The online brokerage firm announced its third-quarter earnings on Wednesday, surpassing Wall Street expectations in both revenue and profit. Thanks to a broad increase in cryptocurrency, options, and stock trading volumes, the company's trading-based revenue more than doubled year-over-year, driving net profit from $150 million last year to $556 million. Additionally, cryptocurrency revenue surged 300%, though it still fell short of expectations.
Despite the strong performance, Robinhood's stock price dipped slightly in after-hours trading. The company also announced a significant leadership change: Chief Financial Officer (CFO) Jason Warnick, who has served for over seven years, plans to retire in 2026. The company has appointed Shiv Verma, Senior Vice President of Finance and Strategy, as his successor. This smooth transition aims to
金色财经_·2025-11-06 08:05