Robinhood (HOOD) topped tempered analyst estimates within the first quarter of 2025, reporting adjusted earnings per share of $0.37 towards forecasts for $0.33.
The favored buying and selling platform reported $927 million in whole income, down from $1 billion within the fourth-quarter, however beating Road expectations of $920.1 million. Crypto-related income was $252 million, up 100% from year-ago ranges.
Transaction-based income of $583 million slipped 13% from $672 million within the fourth quarter.
The corporate had seen explosive numbers within the fourth quarter, partially because of a surge in crypto buying and selling amid euphoria stemming from U.S. President Donald Trump’s presidential win. However the froth in crypto and conventional markets shortly reversed following Trump’s inauguration.
The corporate added $500 million to its present $1 billion share repurchase program. So far, HOOD has purchased again $667 million, leaving one other$833 million below the authorization.
Robinhood’s month-to-month crypto volumes have traditionally proven excessive correlation with Coinbase’s (COIN) retail volumes, however Barclays analyst Benjamin Buddish believes the COIN could have seen a much less significant decline in buying and selling volumes within the first quarter.
Coinbase is reporting earnings on Might 8 and is anticipated to publish a slight decline in income to $2.1 billion from $2.27 billion within the earlier quarter, whereas trade quantity is anticipated to have dropped to $403.8 from $439 billion, in accordance with analysts at FactSet.
HOOD shares are down 2.2% in after hours motion.
