๐Robinhood's Q1 results are in and they're smashing it!๐ฅ Revenue soared to a record $618M, up 40% YoY. Crypto's the star of the show, with revenue from it rocketing 232% to $126M.
๐ฐNet income? A cool $157M, blowing past the 6-cent average estimate. Plus, gold subscribers hit a record 1.7M.
๐But it's not all sunshine and rainbows. The SEC's got Robinhood in its sights over its crypto biz. Despite this, Robinhood's stock (HOOD) is up 5.2% in after-hours trading.
What are your thoughts on Robinhood's performance? Let's chat below!๐ #Robinhood #Crypto #SEC