“The Trading Platform’s Results Could Give An Indication for Coinbase’s Earnings on May 8.”, – WRITE: www.coindesk.com
The Popular Trading Platform Reported $ 927 Million in Total Revenue, Down from $ 1 Billion in The Fourth-Quarter, But Beating Street Expectations of $ 920.1 Million. Crypto-Related Revenue Was $ 252 Million, Up 100% From Year-Ago Levels.
Transaction-Based Revenue of $ 583 Million Slipped 13% from $ 672 Million in The Fourth Quarter.
Robinhood Had Seen Explosive Numbers in the Fourth Quarter, in Part Thanks to a Surge in Crypto Trading Amid Euphoria Stemming from US President Donald Trump’s Presidential Win. But The Froth in Crypto and Traditional Markets Quickly Reversed Following Trump’s Inauguration.
The Company Added $ 500 Million to Its Exist for $ 1 Billion Share Repurchase Program. To Date, Hood Has Bough Back $ 667 Million, Leaving Another $ 833 Million Under the Authorization.
Robinhood’s MONTHLY Crypto Volumes have a Historically Shown High Correlation With Coinbase’s (Coin) Retail Volumes, But Barclays Analyst Benjamin Buddish Believes the Coin of HEINVES. Trading Volumes in the First Quarter.
Coinbase Is Reporting Earnings on May 8 and Is Expert to Post A Slight Deckline in Revenue to $ 2.1 Billion from $ 2.27 Billion in The Previous Quarter from $ 439 Billion, accounting to Analysts at Facseet.
Hood Shares Are Down 2.2% In After Hours Action.
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