Robinhood 1Q Deposits Up on Crypto, Options Trading

Dow Jones

Yesterday

By Roshan Fernandez

Robinhood said its revenue soared year over year as net deposits rose to a new high, fueled in part by cryptocurrency transactions.

The online brokerage platform reported a first-quarter profit of $336 million, or 37 cents a share, compared with $157 million, or 18 cents a share, a year earlier. Analysts were expecting 33 cents a share.

Revenue rose to $927 million from $618 million a year earlier. Analysts surveyed by FactSet had forecast sales of $920 million.

The gain was driven by an increase in cryptocurrency, options, and equities revenue, up 100%, 56% and 44% year-over-year, respectively. Net deposits grew to a record $18 billion. Robinhood Gold Subscribers grew 90% year over year to 3.2 million.

The Menlo Park, Calif.-based company said its expansion in prediction markets, which allowed customers to trade on some of the world's biggest events, led to more than 1 billion event trades.

The company said it's updating its full-year outlook as a result of the acquisition of TradePMR, a company that offers custodial services for investment advisors, in the first quarter. Robinhood now expects between $2.09 billion and $2.19 billion in adjusted operating expenses and stock-based compensation.

Robinhood's shares are up 32% this year.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(MORE TO FOLLOW) Dow Jones Newswires

April 30, 2025 16:46 ET (20:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2532099337"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2532099337\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2532099337?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-01 04:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2532099337","market":"sg","top_or_hot":-1,"title":"Robinhood 1Q Deposits Up on Crypto, Options Trading","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Roshan Fernandez \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> said its revenue soared year over year as net deposits rose to a new high, fueled in part by cryptocurrency transactions. \n</p>\n<p>\n  The online brokerage platform reported a first-quarter profit of $336 million, or 37 cents a share, compared with $157 million, or 18 cents a share, a year earlier. Analysts were expecting 33 cents a share. \n</p>\n<p>\n  Revenue rose to $927 million from $618 million a year earlier. Analysts surveyed by FactSet had forecast sales of $920 million. \n</p>\n<p>\n  The gain was driven by an increase in cryptocurrency, options, and equities revenue, up 100%, 56% and 44% year-over-year, respectively. Net deposits grew to a record $18 billion. Robinhood Gold Subscribers grew 90% year over year to 3.2 million. \n</p>\n<p>\n  The Menlo Park, Calif.-based company said its expansion in prediction markets, which allowed customers to trade on some of the world's biggest events, led to more than 1 billion event trades. \n</p>\n<p>\n  The company said it's updating its full-year outlook as a result of the acquisition of TradePMR, a company that offers custodial services for investment advisors, in the first quarter. Robinhood now expects between $2.09 billion and $2.19 billion in adjusted operating expenses and stock-based compensation. \n</p>\n<p>\n  Robinhood's shares are up 32% this year. \n</p>\n<p>\n  Write to Roshan Fernandez at roshan.fernandez@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2025 16:46 ET (20:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood 1Q Deposits Up on Crypto, Options Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood 1Q Deposits Up on Crypto, Options Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-01 04:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Roshan Fernandez \n</p>\n<p>\n  <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> said its revenue soared year over year as net deposits rose to a new high, fueled in part by cryptocurrency transactions. \n</p>\n<p>\n  The online brokerage platform reported a first-quarter profit of $336 million, or 37 cents a share, compared with $157 million, or 18 cents a share, a year earlier. Analysts were expecting 33 cents a share. \n</p>\n<p>\n  Revenue rose to $927 million from $618 million a year earlier. Analysts surveyed by FactSet had forecast sales of $920 million. \n</p>\n<p>\n  The gain was driven by an increase in cryptocurrency, options, and equities revenue, up 100%, 56% and 44% year-over-year, respectively. Net deposits grew to a record $18 billion. Robinhood Gold Subscribers grew 90% year over year to 3.2 million. \n</p>\n<p>\n  The Menlo Park, Calif.-based company said its expansion in prediction markets, which allowed customers to trade on some of the world's biggest events, led to more than 1 billion event trades. \n</p>\n<p>\n  The company said it's updating its full-year outlook as a result of the acquisition of TradePMR, a company that offers custodial services for investment advisors, in the first quarter. Robinhood now expects between $2.09 billion and $2.19 billion in adjusted operating expenses and stock-based compensation. \n</p>\n<p>\n  Robinhood's shares are up 32% this year. \n</p>\n<p>\n  Write to Roshan Fernandez at roshan.fernandez@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2025 16:46 ET (20:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4539","symbol_name":"次新股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532099337","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532099337","pubTimestamp":1746045960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Robinhood said its revenue soared year over year as net deposits rose to a new high, fueled in part by cryptocurrency transactions.The online brokerage platform reported a first-quarter profit of $336 million, or 37 cents a share, compared with $157 million, or 18 cents a share, a year earlier. Analysts were expecting 33 cents a share.Revenue rose to $927 million from $618 million a year earlier. Analysts surveyed by FactSet had forecast sales of $920 million.The gain was driven by an increase in cryptocurrency, options, and equities revenue, up 100%, 56% and 44% year-over-year, respectively. Net deposits grew to a record $18 billion. Robinhood Gold Subscribers grew 90% year over year to 3.2 million.The Menlo Park, Calif.-based company said its expansion in prediction markets, which allowed customers to trade on some of the world's biggest events, led to more than 1 billion event trades.The company said it's updating its full-year outlook as a result of the acquisition of TradePMR, a c","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4539":"次新股","HOOD":"Robinhood","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4127":"投资银行业与经纪业","BK4547":"WSB热门概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD"},"translate_title":"Robinhood第一季度加密货币和期权交易存款增加","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":1},"content_text":"By Roshan Fernandez \n\n\nRobinhood said its revenue soared year over year as net deposits rose to a new high, fueled in part by cryptocurrency transactions. \n\n\n  The online brokerage platform reported a first-quarter profit of $336 million, or 37 cents a share, compared with $157 million, or 18 cents a share, a year earlier. Analysts were expecting 33 cents a share. \n\n\n  Revenue rose to $927 million from $618 million a year earlier. Analysts surveyed by FactSet had forecast sales of $920 million. \n\n\n  The gain was driven by an increase in cryptocurrency, options, and equities revenue, up 100%, 56% and 44% year-over-year, respectively. Net deposits grew to a record $18 billion. Robinhood Gold Subscribers grew 90% year over year to 3.2 million. \n\n\n  The Menlo Park, Calif.-based company said its expansion in prediction markets, which allowed customers to trade on some of the world's biggest events, led to more than 1 billion event trades. \n\n\n  The company said it's updating its full-year outlook as a result of the acquisition of TradePMR, a company that offers custodial services for investment advisors, in the first quarter. Robinhood now expects between $2.09 billion and $2.19 billion in adjusted operating expenses and stock-based compensation. \n\n\n  Robinhood's shares are up 32% this year. \n\n\n  Write to Roshan Fernandez at roshan.fernandez@wsj.com \n\n\n \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  April 30, 2025 16:46 ET (20:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}