TechFlow news, according to Bloomberg, online trading platform Robinhood Markets Inc. released its fourth-quarter 2024 financial results. Driven by active cryptocurrency trading during the U.S. presidential election, the company's total quarterly revenue reached $1.01 billion, surpassing analysts' expectations of $941 million.
Revenue from cryptocurrency operations surged more than 700% year-over-year to $358 million. The company has now achieved profitability for five consecutive quarters, with a net profit of $916 million and earnings per share of $1.01 in this quarter.
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