Robinhood stock drops 6% after earnings miss tied to crypto revenue slump

Robinhood's stock experienced a more than 6% decline in after-hours trading following the company's first-quarter earnings report, which fell short of Wall Street's expectations. This miss was primarily attributed to a substantial slump in cryptocurrency revenue, which decreased by 47% to $134 million, as digital asset trading activity cooled. Despite this, Robinhood saw overall net revenue increase by 15% year-over-year, with growth in equities, options, prediction markets, and subscriptions. The company reported diluted EPS of $0.38 on revenue of $1.07 billion, slightly below the expected $0.39 EPS and $1.14 billion in revenue. Robinhood also noted positive trends in net deposits, total platform assets, and Gold subscribers, but revised its 2026 adjusted operating expenses outlook upward, partly due to costs associated with supporting 'Trump Accounts'.

(Source：Crypto Briefing)