According to Reuters, Robinhood is set to announce its first-quarter performance on Wednesday, with expectations of the strongest quarterly revenue since the second quarter of 2021. Analysts predict that net interest income will be the biggest driver of the company’s revenue, with an estimated growth of 24% to reach $25.824 billion.
Cryptocurrency trading revenue may increase by more than double compared to a year ago, reaching $80 million. Morgan Stanley analysts stated that Robinhood’s core business experienced a significant rebound in stock, options, and cryptocurrency trading volumes in the first quarter, with total trading volume growing nearly 20% year-on-year. Driven by strong retail trading activity, Robinhood’s stock price surged 58% in the first three months of this year, marking the largest quarterly gain since its listing.
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