Crypto-Loving Robinhood Is Dogecoin Champion As It Continues To Court Young Dumb Money
- Robinhood reported fourth-quarter revenue of $1.01 billion, up 115% year-over-year, exceeding estimates of $944.62 million according to data from Benzinga Pro.
- The company achieved record earnings per share of $1.01, surpassing a consensus estimate of 43 cents per share.
- Cryptocurrency revenue reached $358 million, a 700% increase year-over-year, with trading volumes up 400% to $71 billion in the fourth quarter.
- CEO Vlad Tenev highlighted the company's commitment to expanding cryptocurrency offerings and asset tokenization, stating, 'Equities, private investments, and more should be brought on the cryptocurrency technology.
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