Robinhood’s shares increase 16% while Low Estimates Estimates with 700% Cryptography Growth

The actions of Robinhood Markets Inc. increased by more than 16% at the end of negotiations today after the financial services company broke expectations on revenues and profits during its fourth quarter of the 2024.

For the quarter which ended on December 31, Robinhood declared a profit adjusted per share of $ 1.01, against three hundred per share in the same quarter of 2023, on a turnover of $ 1.01 billion , up 115% of one year on the other. The two figures were well in advance of the 32 cents per share and the income of $ 849 million Expected by analysts.

Robinhood is best known for its cryptocurrency negotiation services and it is not surprising that Crypto is the main engine of the company’s first quarter of the company, the upper transaction revenues of eight times on the other, at 358 million dollars. The company has also experienced strong growth in stock options and income, which increased by 83% and 144% in annual sliding, respectively, to $ 222 million and $ 61 million.

The amount of funds that Robinhood is also found for the company, with net income of interest in an increase of 25%, to 296 million dollars, while other income, which includes the gold subscription service The company increased by 31% over one year on the other to reach $ 46 million. The assets held at the end of the year were $ 613 million, up more than 300%.

The growing number of assets was driven by customer growth, funded customers increasing by 8%, to 25.2 million, while investment accounts increased by 10%, to 26.2 million. Net deposits also increased by 49%, to $ 50.5 billion.

The strong points of recent activities include a significant expansion of access to cryptocurrencies through the American and European Union, the notional volumes increasing by more than 400% from one year to the next to 71 billion dollars in the Fourth trimester. Robinhood also added seven new cryptographic assets in the United States and launched Ethereum marked in the EU. He also went to Acquire bitstampThe oldest cryptocurrency exchange in the world, the agreement should conclude in the first half of 2025.

Robinhood has also deployed index options to all customers and has introduced term exchanges directly into the application, allowing transactions between stock market indices, energy, currency, metals and crypto. The company is also developing worldwide, with plans to enter the Asia-Pacific market in 2025, creating a regional headquarters in Singapore while launching negotiation options for British customers.

For the entire financial year 2024, Robinhood declared a profit adjusted per share of $ 1.56, against a loss of 61 cents per share in 2023, on a turnover of 2.95 billion dollars, up 58 % from one year to the next.

“We struck gas on the development of products in 2024 with a new platform for active merchants, the launch of gold cards, a series of British products and the extended EU and much more,” said declared the co-founder and managing director Vlad Tenev in the company in the company Profits. “We see a huge opportunity in front of us when we work to allow anyone, anywhere, to buy, sell or have any financial active and to carry out any financial transaction via Robinhood.”

Given the volatile nature of the cryptocurrency market, Robinhood generally does not provide prospects and this quarter was not different, but the company said it expects adjusted operating expenses and a Remuneration in equity for the financial year 2025 of $ 2.0 billion at $ 2.1 to $ 2.1 to $ 2.1 billion.

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