Robinhood Beats Q1 Earnings Despite Revenue Dip & Cryptocurrency Slowdown

Despite a decline in revenue and slowed cryptocurrency trading, Robinhood exceeded Wall Street expectations in its first-quarter earnings report. The platform’s Q1 revenues fell 8.6% compared to the previous quarter, reaching $927 million and exceeding Zacks analyst estimates by 3.16%. This slowdown is attributed to a dip in crypto trading volume after hitting record highs during the fourth quarter of 2024.