Hereâs the Scoop: đ„
- Robinhood beats the odds, crushing estimates like a superhero. đȘ
- Revenue took a little dip, but hey, who isnât affected by a chilly market? đ„¶
- Analysts say Coinbase might be feeling the squeeze too, but theyâre keeping their heads high. đ
Hold onto your hats! Robinhood (HOOD) just made analysts look like they were guessing the weather in the Arctic! With an adjusted earnings per share of $0.37, they beat predictions of $0.33. Yeah, you read that rightâHOOD is flexing on Wall Street. đ°đ„
And while their total revenue was $927 millionâdown from the $1 billion last quarterâRobinhood still managed to outshine the streetâs expectations of $920.1 million. Not bad for a little dip in the market, huh? đ€·ââïž Crypto-related revenue? A cool $252 million, DOUBLE what it was last year. Iâm talking DOUBLE, baby! đ„đ
Now, as for transaction-based revenue, it slipped a little to $583 million. Yeah, thatâs a 13% dip from last quarter, but donât worry! Robinhoodâs still got plenty of tricks up its sleeve. đâš
Remember last quarter, when everyone was partying like it was the end of the world with that crypto surge? Well, things cooled off after Donald Trumpâs *big* day in the White House. đŸđ„ł But hey, no worriesâRobinhoodâs riding the storm like a champ.
And just when you thought they couldnât do more, here comes the $500 million add-on to their existing $1 billion buyback program. Hold up, that’s $1.5 billion in total! You know what they sayâspend money like itâs going out of style! đ€đž
So, while Coinbase is preparing to report on May 8 with a little dip in revenue (expected to fall to $2.1 billion from $2.27 billion), Robinhoodâs ready to keep rolling. Analysts are saying Coinbase might not feel the sting as bad, but thatâs a battle for another day. đ„
As for HOOD shares, they dipped 2.2% in after-hours action. But letâs be honest, after making these moves, who cares? đ
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2025-04-30 23:55