Business and Finance Business and Finance
Thu, February 13, 2025
[ Thu, Feb 13th ] - ProPublica
How a Risky State Investment in Seafood Cost Alaskans Millions and Left a Fishing Town in Crisis
[ Thu, Feb 13th ] - Forbes
Margins Critical To Food-And-Beverage Startups
[ Thu, Feb 13th ] - Forbes
Don't Mistake Activity For Progress: Lessons For Startups And Beyond
[ Thu, Feb 13th ] - Impacts
What Does a Finance Broker Do? An Expert Guide for 2025
[ Thu, Feb 13th ] - MSN
Is your 401(k) portfolio too conservative? 3 ways to tell
[ Thu, Feb 13th ] - Reuters
BAT hopeful Trump administration can take on illicit vapes, CEO says
[ Thu, Feb 13th ] - Forbes
Is 2025 The Year Banking Solves The Customer Experience Conundrum?
[ Thu, Feb 13th ] - MSN
Bain Fights Legal Battle Over Decade-Long South African Ban
[ Thu, Feb 13th ] - MSN
Expert offers surprising take on Trump's crypto push
[ Thu, Feb 13th ] - MSN
Unilever picks Amsterdam over London for primary ice cream listing
[ Thu, Feb 13th ] - Reuters
USAID environmental funding worth $70 mln frozen in Colombia, minister says
[ Thu, Feb 13th ] - MSN
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
[ Thu, Feb 13th ] - Forbes
Forecasting Accuracy: Overcoming A Major Sales Industry Hurdle
[ Thu, Feb 13th ] - MSN
English cricket gets 'seminal moment' as $650M raised by investors including Brady, Boehly and IPL
[ Thu, Feb 13th ] - MSN
OP Jindal Global University Launches Online BBA P .. gram With a Focus on Accessibility and Excellence
[ Thu, Feb 13th ] - SiliconANGLE
SAP announces Databricks partnership to power AI with Business Data Cloud
[ Thu, Feb 13th ] - Reuters
Nutella maker Ferrero reports 8.9% increase in revenues
[ Thu, Feb 13th ] - MSN
NJ electricity bills leaping by as much as 20%; see what you'll pay and why
[ Thu, Feb 13th ] - Forbes
Virpy Richter: The Gift Of Diverse Perspectives At The Awin Group
[ Thu, Feb 13th ] - Reuters
Robinhood shares surge as crypto market frenzy fuels record results
[ Thu, Feb 13th ] - MSN
?1.95 to ?215: Multibagger penny stock turns ?1 lakh into ?1.10 crore in four years
[ Thu, Feb 13th ] - MSN
Barclays shares sink 5% as fourth-quarter profit hike and 2025 guidance fail to impress
[ Thu, Feb 13th ] - Reuters
Unilever to list ice cream business in Amsterdam, London, New York
[ Thu, Feb 13th ] - MSN
Prime Minister Narendra Modi on US visit, likely to meet Elon Musk
[ Thu, Feb 13th ] - Reuters
Unilever to list ice cream business in Amsterdam, London and New York
[ Thu, Feb 13th ] - MSN
Economists predict 2% GDP growth for South Africa in 2025 amid agricultural recovery
[ Thu, Feb 13th ] - Indiatimes
Top 20 richest families in Asia 2025: Mukesh Amba .. followed by key Indian and Asian business empires
[ Thu, Feb 13th ] - MSN
Chinese businesses rush to try DeepSeek AI at 'unprecedented' scale
[ Thu, Feb 13th ] - Reuters
BNP Paribas and BPCE join forces in payment processing
[ Thu, Feb 13th ] - Reuters
Robinhood beats profit estimates as post-election trading frenzy lifts volumes

Robinhood beats profit estimates as post-election trading frenzy lifts volumes


Published on 2025-02-13 02:40:49 - Reuters
  Print publication without navigation

  • Trading platform Robinhood reported a surge in fourth-quarter profit on Wednesday, fueled by frenetic activity in equity and crypto markets following Donald Trump's presidential election victory.

Robinhood Markets Inc. reported a significant surge in its fourth-quarter profit, driven by a frenzy of trading activity following the U.S. presidential election, which led to increased trading volumes. The company's revenue for the quarter ending December 31, 2024, was $471 million, up from $363 million the previous year, with net income reaching $157 million, or 18 cents per share, compared to a loss in the same period the year before. This performance was bolstered by a 41% increase in transaction-based revenue, particularly from options and crypto trading, as well as a 16% rise in net interest revenue. The trading surge was partly attributed to the meme stock phenomenon and the anticipation around the election results, which saw a significant uptick in retail investor activity. Robinhood also noted an increase in its user base, with monthly active users growing to 11.4 million from 10.7 million a year earlier.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/robinhoods-profit-surges-post-election-trading-frenzy-lifts-volumes-2025-02-12/ ]
Contributing Sources