Finance
Robinhood Tops Estimates Amid Volatility as Crypto Slows
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Retail investors flocked to Robinhood Markets Inc. as President Donald Trump’s global tariffs roiled markets, boosting the company’s revenue and earnings, even as growth in cryptocurrency revenue slowed.
Total net revenue jumped 50% from a year earlier to $927 million, while net income more than doubled to to $336 million. Per-share earnings of 37 cents topped analysts’ estimates of 33 cents.