Robinhood Q4 results are in
Highlights:
-Total net revenue: $1.283B (record but missed estimates, +27% YoY)
-GAAP net income: $605M
-Diluted EPS: $0.66 (beat estimates)
-Total platform assets: $324B (+68% YoY)
Crypto specific:
-Crypto notional volume: $82.4B in Q4 (+3% QoQ)
-Crypto transaction-based revenue: $221M in Q4 (vs $268M in Q3; -18% QoQ)
-Management called out prediction markets scaling fast: annualized revenues ~ $435M in Q4 (vs ~ $115M in Q3)
HOOD stock down 6% after hours to $80

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Goldman Sachs reveals its crypto portfolio of over $2.3 billion for the first time. Photo: CoinGape
Goldman Sachs has revealed its significant exposure to the cryptocurrency market for the first time in a portfolio report submitted to the Securities and Exchange Commission...