Key Takeaways:
- Robinhood posted $1.07B Q1 revenue, up 15%, but crypto revenue fell 47% to $134M.
- Robinhood assets jumped 39% to $307B, showing shift from crypto to equities/options.
- Robinhood expands Cortex AI and Ethereum L2 in 2026 to drive future growth.
Crypto Weakness Reshapes Revenue Mix for Robinhood
Robinhood Markets Inc. delivered a steady start to 2026, reporting higher revenue and user growth despite a sharp drop in crypto trading activity that once powered its expansion.
The trading platform said first-quarter revenue rose 15% from a year earlier to $1.07 billion, while net income edged up 3% to $346 million. Diluted earnings per share came in at $0.38. Total platform assets surged 39% to $307 billion, supported by strong…
