Robinhood misses Q4 revenue estimates as fourth-quarter results dinged by crypto slump

Crypto revenue fell 38% year over year to $221M, even as the company expanded token listings and crypto features across its platform. What to know : Robinhood’s fourth quarter earnings per share of $0.66 topped estimates for $0.63, but revenue of $1.28 billion fell shy of forecasts for $1.33 billion. The crypto slump paid a large part in the miss, with crypto revenue falling 38% from a year earlier to $221 million. Robinhood’s results mirror broader crypto-market weakness, which is also expected to weigh on rival Coinbase (COIN), and HOOD shares fell about 7% in post-market trading after the earnings release.(Coindesk)