📈🪙💹 Robinhood Doubles Profit on Crypto Trading Surge in Q1
🔹 Summary:
Robinhood’s Q1 net income more than doubled to $336 million as retail investors flocked to crypto trading to hedge market risk, boosting platform activity.
Earnings per share rose to $0.37 from $0.18 a year ago, underscoring a strong rebound driven by increased engagement in digital assets.
🔹 Key Points:
• Q1 net income rose to $336M, up from $157M YoY.
• EPS climbed to $0.37 from $0.18, beating prior-year performance.
• Crypto trading volumes surged as clients sought hedging tools amid volatility.
• Robinhood’s broader retail activity remains supported by digital asset momentum.
• Results reflect growing confidence in crypto markets despite regulatory headwinds.
Tickers Of Interest: $HOOD $BTC $ETH $COIN $USD $QQQ
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