- Robinhood reported a $ 927 million income to Q1 2025, up to 50% yoy.
- The firm has listed several Memecoins in Q1 2025 to vary -its business and attract more retail traders.
Robinhood Markets Inc. (NASDAQ: Hood), a prominent trade platform in retail, released the first quarter 2025 income, defeating estimates on Wall Street. The company reported one income per part (EPS) 37 cents compared to an estimate of 36 cents.
Robinhood reported an income of $ 927 million compared to an estimate of $ 921.7 million, which increased by 50 percent yoy. As a result, Robinhood allowed a $ 500 million increase in the stock purchase program to $ 1.5 billion.
Robinhood Segment Breakdown and Market Outlook
In the first quarter, Robinhood recorded a 77 percent Yoy growth in revenue based on the $ 583 million. The company's crypto segment has recorded 100 percent Yoy growth in revenue at about $ 252 million. In addition, Robinhood recorded a trading volume of nearly $ 48 billion in the first quarter of 2025, up to 28 percent yoy.
In a bid to change and compete with global exchanges, Robinhood plans to make its future offerings more different.
“We have a different business out of crypto, which will make less dependent on the amount of crypto transactions in the future,” said Vladimir Tenev, Robinhood CEO.
The company's options for the first quarter are about $ 240 million, up to 56 percent yoy. Robinhood, meanwhile, recorded a 44 percent Yoy income advances for about $ 56 million.
“Customers not only trade with us, but they have entrusted us more than their possessions,” Tenev added. “We significantly accelerate product change to major initiatives including Robinhood, Banking, and Cortex techniques. Customers respond with record-breaking net deposits, gold subscriptions, and trading volume in all classes of property.”
Following the announcement, the hood sharing scored 2 percent to trade nearly $ 50 on Wednesday, April 30 during the North American session.
