2023-11-8 13:15 |
Robinhood attributed the decline in its transaction-based revenue to reduced cryptocurrency trading volumes on the platform.
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Despite achieving its first profitable quarter since its IPO, Robinhood, the online brokerage giant, is facing significant headwinds as shares plunged 9.3% following a reported decline in monthly active users
2023-8-3 18:05 | |
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Robinhood Q2 results showed a profit for the first time since going public, but crypto revenue declined in the same quarter. Robinhood’s revenue from cryptocurrency transactions fell 18% to $31 million, according to a quarterly report released on Aug. 2.…
2023-8-3 17:20 | |
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Despite recording a profit, Robinhood recorded a fall of 18% in its crypto trading revenue in Q2. In June, Robinhood discontinued support for all tokens identified as securities by the SEC.
2023-8-3 11:30 | |
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Robinhood Markets reported its Q2 financial results on Wednesday. Mizuho analyst Dan Dolev sees upside in “HOOD” to $14 per share. Robinhood stock lost roughly 8. 0% in after-hours trading today.
2023-8-3 00:36 | |
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Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.
2023-8-3 00:34 | |
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The online trading platform reported second-quarter earnings after the close on Wednesday.
2023-8-3 23:18 | |
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Robinhood, a well-known cryptocurrency and stock trading website, plans to expand its products significantly. It intends to acquire X1, a credit card company. This $95 million decision promises to provide the company with an extra revenue stream and strengthen its existing user base.
2023-6-24 05:00 | |
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Robinhood has seen some decline in monthly active users. Its crypto trading business revenue has also declined following the recent crypto price decline. The X1 acquisition will help Robinhood diversify and broaden its product offerings to entice a larger market.
2023-6-23 10:10 | |
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The trading platform also reported holding around $11.5 billion worth of crypto in assets under custody, an increase of 36% compared to the figure of $8.4 billion for Q4 2022.
2023-5-11 17:22 | |
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Coinspeaker Robinhood Reports Q1 2023 Figures, Sees Revenue Surge 47% with Higher Net Loss of 30% Robinhood CEO Vlad Tenev said the trading app will continue to "deliver strong financial performance" following Q1 2023 report.
2023-5-11 13:33 | |
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Popular trading platform Robinhood has released its quarterly revenue report with better-than-estimated figures. The post Robinhood Revenue Beats Estimates But Crypto Trading Revenue Slides 30% appeared first on BeInCrypto.
2023-5-11 11:45 | |
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The US Federal Reserve (Fed) has been raising its interest rates for the tenth consecutive time since March 2022. According to Reuters, the rate hikes favor the US-based brokerage platform Robinhood.
2023-5-11 10:49 | |
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The trading app’s crypto business brought in $38 million over the first quarter of 2023, down from $54 million in Q1 2022.
2023-5-11 02:24 | |
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Stock and crypto trading platform Robinhood published its Q1 2023 results on May 10. The company said that its cryptocurrency transaction revenues fell 1% sequentially to $38 million, even as overall transaction revenue increased by 11%.
2023-5-11 01:11 | |
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The crypto market witnessed several declines in 2022, resulting from market forces, regulatory uncertainty, and decreased demand for cryptocurrencies, particularly Bitcoin. These events led to a drop in the prices of many popular cryptocurrencies, with some coins losing a significant portion of their value.
2023-2-11 09:01 | |
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Robinhood published its financial results for Q4 and the full year of 2022, revealing it had missed its earnings and revenue expectations. The post Robinhood Misses Earnings and Revenue Expectations in Q4 Report appeared first on BeInCrypto.
2023-2-9 09:20 | |
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Trading app company Robinhood reported various cryptocurrency-related trends in its quarterly and full-year report published on February 8. The post Robinhood saw crypto transaction revenue fall by 24% in Q4 2022 appeared first on CryptoSlate.
2023-2-9 00:55 | |
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The online trading broker overall missed both earnings and revenues estimates for the quarter.
2023-2-9 00:40 | |
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The bank downgraded the trading platform to neutral from buy, with a lowered price target of $10.
2022-12-14 15:31 | |
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Robinhood saw reduced crypto transaction revenue in Q3 despite posting lower-than-expected losses overall. Robinhood Crypto Revenue Falls to $51M Robinhood’s crypto transaction revenue is down. According to a press release,...
2022-11-3 01:16 | |
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The popular no-fee trading app’s monthly average users fell to 12.1 million as customers navigated a “volatile market environment.”
2022-11-3 23:24 | |
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The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter.
2022-8-3 04:03 | |
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The discount brokerage has seen a steep decline in crypto-related revenue over the past 12 months as retail traders exited the market.
2022-5-7 19:30 | |
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The popular discount brokerage listed four trending tokens in Q1 2022.
2022-4-30 18:15 | |
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Robinhood reports decline in revenue and active users
2022-4-29 16:01 | |
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The company's quarterly revenue from cryptocurrency trading increased about $6 million to $54 million.
2022-4-29 23:19 | |
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Robinhood posted a loss on its crypto revenue in Q4 of 2021, further exacerbating losses occasioned in the third quarter. According to a Thursday earnings report, the trading firm posted $48 million crypto income in Q4 of 2021, which is a 6% decline from the previous quarter, and a step further from a projected revenue […]
2022-1-30 22:47 | |
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Shares of Robinhood (HOOD) have dropped by 70% over the past four months. The company has suffered both reputation hits and revenue drops in Q3, which could be behind the drop in valuation. The post Robinhood Stock Down by 70% Since August, Crypto Revenue Tanks appeared first on BeInCrypto.
2021-12-1 12:49 | |
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Robinhood had a net loss of $1. 32 billion this past quarter, recording a plunge of 78% in revenue from crypto transactions from 2Q. Their shares dropped 12% to $34. 80 at 9:46 a. m. in New York, $38 below the IPO price in late July, Bloomberg reported.
2021-10-28 03:22 | |
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Robinhood Chief Financial Officer said they are “incredibly optimistic about crypto. ” While customers want more coins and the ability to earn interest through lending or staking, they’re not going “to be the first mover” in this regulatory environment.
2021-10-27 17:43 | |
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Robinhood share prices tanked as its third-quarter financial results showed a drop from $233 million to $51 million in crypto revenue. The post Robinhood Crypto Revenue Drops to $51M in Q3 from $233M in Q2 appeared first on BeInCrypto.
2021-10-27 12:26 | |
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The firm said crypto trades made up a 41% share of its revenue in the Q2, and it was a “record period” for crypto trading on Robinhood but warned that level “may not occur in the future.” The post Robinhood Cites Regulatory Actions or Policies Towards Crypto as Business Risk in Filing first appeared on BitcoinExchangeGuide.
2021-10-10 17:13 | |
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Robinhood has grown so much this year thanks to increased interest in Dogecoin. The trading platform recently revealed that crypto trading made up 50% of its revenue for the second quarter of the year.
2021-9-22 02:00 | |
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Robinhood, the crypto-friendly stock trading app, has been beset by one issue or the other – even before the company was listed on the NASDAQ exchange. The company appears to be in trouble again, with regulators possibly coming for its top revenue generator.
2021-8-31 17:51 | |
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Crypto transactions accounted for more than 41% of Robinhood’s total revenue in the second quarter, compared to 17% for the first three months of 2021, revealed the investing platform’s first earnings report since its recent stock market debut.
2021-8-20 04:00 | |
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Robinhood is currently making more money from crypto trading than equities and options combined. While crypto revenue surged 4,560% from a year earlier, transaction revenue from equity was down 26.
2021-8-19 18:56 | |
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Robinhood stock took a dip after the company warned investors of a short-lived revenue surge due to the crypto boom. The post Robinhood Stock Dips After Crypto Boom Warning appeared first on BeInCrypto.
2021-8-19 13:18 | |
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Dogecoin trading accounted for more than a quarter of Robinhood’s total transaction-based revenue in the second quarter
2021-8-19 08:25 | |
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The popular stock trading app is seeking a market valuation of as much as $35 billion in its upcoming IPO and will attempt to sell its shares at a range of $38-$42 per share. On FTX, “HOOD” is currently trading just under $44, down from above $120 in late March.
2021-7-21 21:59 | |
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Robinhood is one of the more popular stock and crypto exchanges out there, and earlier this year, it saw very high trading volume. However, with the situation regarding crypto prices changing in Q2, the company has warned that its quarterly revenue is likely to be significantly lower than before.
2021-7-21 14:19 | |
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According to the trading app, it expects its Q3 2021 revenue to be lower as a result of increased crypto trading in the first quarter, driven in part by Dogecoin.
2021-7-19 19:10 | |
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Robinhood’s main revenue source for the first quarter of 2021 could come under SEC review.
2021-7-7 15:39 | |
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Commission-free trading platform Robinhood reveals it relies heavily on Dogecoin. The post Robinhood drew 34% of crypto revenue from being ‘overexposed’ to Dogecoin (DOGE) appeared first on CryptoSlate.
2021-7-4 17:00 | |
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34% of free-trading app’s revenue came just from DOGE, revealed Robinhood, whose crypto under custody soared by 23x in Q1 as 9.5 million customers traded $88 billion worth cryptocurrencies. The post Robinhood: Business & Financial Condition ‘Could Be Adversely Affected’ if Demand for DOGE Declines first appeared on BitcoinExchangeGuide.
2021-7-2 17:35 | |
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Robinhood’s IPO prospectus shows that 9. 5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year.
2021-7-2 16:30 | |
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Robinhood is finally going public
2021-7-1 20:29 | |
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Robinhood Applies In US For Bank Charter To Add Traditional Financial Services To Crypto Platform Enticing institutional investors has been the goal of the crypto industry for the last two years, hoping to bring in some of that revenue to get out of the bear market.
2019-4-24 00:50 | |
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Robinhood Gets Almost Half its Revenue Selling User Order Data To High-Speed Traders The popular and commission-free cryptocurrency trading application is reportedly making almost half of its revenue selling users’ order data to high-speed traders.
2018-10-17 22:29 | |
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