Robinhood Shares Down 3% on Q4 Revenues Miss
<p><a href='https://financialmodelingprep.com/financial-summary/HOOD'>Robinhood Markets, Inc. (NASDAQ:HOOD)</a> shares closed more than 3% lower today after the company reported its Q4 results, with revenue growing 5% quarter-over-quarter to $380 million, coming in worse than the Street estimate of $394.33 million. EPS was ($0.11), beating the Street estimate of ($0.15).</p>
<p>Transaction-generated income amounted to $186 million, which was a decrease of 11% compared to the previous quarter. This includes options income of $124 million, which remained unchanged, cryptocurrency income of $39 million, which decreased by 24%, and equity income of $21 million, which decreased by 32%. The number of monthly active users in the fourth quarter decreased to 11.4 million, down from 12.2 million in the previous quarter, as customers are still dealing with the unpredictable economic climate.</p>

NASDAQ:HOOD