Robinhood's Q4 Revenue Soars 115%, Hinting at Strong Coinbase Earnings

Robinhood's Q4 earnings significantly exceeded expectations, with revenue jumping 115% year-over-year to $1.01 billion, surpassing analysts' estimates of $945.8 million, according to FactSet data. Notably, transaction-based revenue surged 200%, driven by a 700% increase in cryptocurrency revenue. Reported on Wednesday, this performance raises expectations for Coinbase, which is due to report earnings on Thursday. Analysts anticipate Coinbase to report revenue of $1.8 billion, up from $1.26 billion in the third quarter, and exchange volume of $195.9 billion, up from $185.3 billion. Robinhood's earnings per share also beat estimates, coming in at $1.01 versus the expected $0.42. Following the announcement, Robinhood's shares rose over 5% in post-market trading, while Coinbase's stock saw a 0.3% increase.