Robinhood Surpasses Fourth-Quarter Earnings Expectations

Crypto revenue plays a pivotal role in the company's financial success, contributing to a total revenue of $471 million.

Robinhood's fourth-quarter earnings surpassed expectations with a profit of $0.03 per share, beating the forecasted loss.
The company's crypto revenue increased to $43 million, contributing to a total revenue of $471 million.
Monthly active users slightly declined by 4% to 10.9 million, but assets under custody surged by 65% year-over-year.
Robinhood plans to expand its customer base internationally, following successful launches in the UK and EU.
Shares of Robinhood rose sharply in pre-market trading, indicating positive market response.