Robinhood dropped in after-hours trading on Tuesday after the trading platform’s latest earnings missed analyst expectations while crypto revenues tanked in the fourth quarter.

Robinhood reported record net revenues of $1.28 billion in Q4, missing Wall Street expectations of $1.34 billion despite increasing 27% year-on-year. 

Its crypto-based revenues fell 38% from last year to $221 million after the crypto market entered an extended period of drawdowns in October.

The company’s net income for the quarter fell 34% year-on-year to $605 million, with its earnings per share reaching 66 cents, slightly beating analyst estimates of 63 cents.

Shares in Robinhood (HOOD) fell by 7.66% in after-hours trading to $79.04 after finishing the…