
Robinhood Shares Fall 9.4% as Q1 Revenue Misses Estimates, Crypto Revenue Drops 47%
Robinhood stock fell 9.4% in after-hours trading after Q1 revenue of $1.07 billion missed analyst expectations by 6.1%, while EPS of $0.38 missed by 11.6%. Crypto transaction revenue dropped 47% year-on-year to $134 million, with trading volume falling 48% to $24 billion — the third consecutive quarterly decline. CEO Vladimir Tenev attributed the decline to market price swings but emphasized the company's focus on building crypto infrastructure. The losses were partially offset by Robinhood Predictions, which saw 780% growth to 8.8 billion contracts traded.

