Robinhood misses Q4 estimates as crypto revenue falls 38%

Robinhood reported fourth‑quarter revenue of $1.28 billion, missing Wall Street's roughly $1.35 billion estimate and prompting shares to fall nearly 8% in after‑hours trading ^[2][4][1].

Crypto trading revenue declined 38% year‑over‑year to $221 million, even as other lines grew — options revenue rose about 41% to $314 million and overall quarterly revenue was up 27% year‑over‑year; full‑year revenue reached a record $4.5 billion. Quarterly profit fell to $605 million (about $0.66 per share) from $916 million a year earlier ^[2][3][5].

The company continued expanding token listings and crypto features while accelerating premium adoption: Gold subscribers reached 4.2 million, up 58% year‑over‑year, which the company said supported paid‑service growth ^[5][2].

The results show non‑crypto business growth partially offsetting weakness in crypto trading, but the slump in crypto revenue was large enough to dent earnings expectations and trigger an immediate negative market reaction ^[2][1][4][5].