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HOOD-ROBINHOOD MARKETS INC

Robinhood Surges with Record $1.01 Billion Revenue, Driven by 700% Increase in Cryptocurrency Trading Amid Political Shifts

Sunday

16 February, 2025

Robinhood's latest quarterly results reveal a staggering leap in revenue to $1.01 billion, fueled by a 700% surge in cryptocurrency trading. As the company diversifies its offerings and expands its user base, can it maintain this momentum in a volatile market?

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Key Takeaways
  • Robinhood experienced a remarkable 115% revenue increase in Q4 2024, reaching $1.01 billion, driven by cryptocurrency transactions.
  • The company's profit surged to $916 million, indicating robust growth and increased user engagement.
  • Its user base expanded significantly from 10 million to 22.5 million, showcasing strong market interest.
  • The acquisition of TradePMR and plans to enhance crypto offerings with Bitstamp signal strategic diversification.
  • Analysts have raised price targets to $45, reflecting positive sentiment about Robinhood's future prospects.
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