- Robinhood shares fell on lower first-quarter profit and falling revenue and cryptocurrency trading volumes.
- Robinhood’s cryptocurrency transaction revenue has fallen for the third quarter in a row.
Shares of online trading platform Robinhood fell 9,4% in after-hours trading after first-quarter revenue fell short of analyst expectations and cryptocurrency trading revenue and volume fell nearly 50% from a year earlier.
Robinhood’s cryptocurrency transaction revenue fell for the third consecutive quarter.
According to report Robinhood’s cryptocurrency transaction revenue fell 47% year-over-year from $252 million to $134 million, while its cryptocurrency trading volume fell 48% to $24 billion over the same period, according to the company’s first-quarter 2026 earnings report.
Earnings per share of $0,38 billion and $1,07 billion beat industry expectations by 11,6% and 6,1%, respectively, contributing to a 9,4% drop in Robinhood (HOOD) shares. The company remained profitable, with net income up 3% year over year to $346 million.
Robinhood CEO Vladimir Tenev attributed the decline in cryptocurrency revenue and trading volume to market price fluctuations, but added that the company is more focused on building crypto infrastructure and integrating assets that have “practical utility.”
Previously edited Happy Coin News Reportedthat, amid falling stock prices, the company will buy back $1,5 billion in securities.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making investment decisions. Read the editorial policy. https://happycoin.club/about/