Trending Now - Robinhood Shares Plummet as Earnings Disappoint on Crypto Decline
WHO:
CoinDesk - Robinhood (HOOD) is the trading platform involved.
CoinDesk - Vlad Tenev is the CEO of Robinhood.
WHAT:
CoinDesk - Robinhood's shares fell about 8% in post-market trading following the earnings report, reflecting a significant drop in investor confidence.
CoinDesk - The company's crypto-related revenue was reported at $134 million, which was below the estimated $147.6 million.
CoinDesk - "We’re at the very beginning of what’s going to be a tokenization super cycle," said CEO Vlad Tenev, indicating a long-term vision for crypto beyond trading.
CoinDesk - Robinhood reported first-quarter adjusted earnings per share of $0.38, missing Wall Street's estimate of $0.39.
CoinDesk - The company posted a total revenue of $1.07 billion, a 15% year-over-year increase, but fell short of analysts' expectations of $1.14 billion.
CoinDesk - Shares of Robinhood fell about 8% in post-market trading following the earnings report.
CoinDesk - Crypto-related revenue dropped 47% to $134 million from $252 million a year earlier.
CoinDesk - Transaction-based revenue rose to $623 million from $583 million a year earlier.
CoinDesk - "Other transaction revenue" increased 320% year over year to $147 million.
CoinDesk - Users traded a record 8.8 billion contracts tied to prediction markets during the quarter.
WHERE:
CoinDesk - The earnings report pertains to Robinhood's operations, which are primarily based in the United States.
WHEN:
CoinDesk - The earnings report is for the first quarter of the year.
WHY:
CoinDesk - The decline in crypto trading revenue is attributed to a shift in focus away from crypto price cycles, as stated by CEO Vlad Tenev.
CoinDesk - Tenev mentioned the company's goal to use crypto technology as "infrastructure" for financial services.
HOW:
CoinDesk - Robinhood is expanding its offerings to include event contracts, which contributed to a 320% increase in "other transaction revenue" to $147 million.
CoinDesk - Robinhood is expanding into areas like prediction markets, derivatives, and advisory tools to smooth out revenue swings.
CoinDesk - Tenev emphasized the importance of building great products to maintain customer engagement across asset classes.
(UPDATED April 29, 2026 07:43 UTC)
Robinhood's shares dropped about 8% in post-market trading after the company reported earnings that revealed a significant decline in investor confidence, with crypto-related revenue coming in at $134 million, below the expected $147.6 million. CEO Vlad Tenev expressed a long-term vision for the crypto market, stating, "We’re at the very beginning of what’s going to be a tokenization super cycle." Meanwhile, Robinhood is expanding its offerings to include event contracts, which helped boost "other transaction revenue" by an impressive 320% to $147 million.
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(UPDATED April 29, 2026 04:14 UTC)
Robinhood, led by CEO Vlad Tenev, reported first-quarter adjusted earnings per share of $0.38, slightly missing Wall Street's estimate of $0.39, while total revenue reached $1.07 billion, a 15% increase from the previous year, but still falling short of expectations at $1.14 billion. Following the earnings report, shares of Robinhood dropped about 8% in post-market trading, with crypto-related revenue plummeting 47% to $134 million, although transaction-based revenue rose to $623 million. Tenev noted that the company is shifting its focus away from crypto price cycles and expanding into prediction markets and advisory tools, emphasizing the need to build great products to keep customers engaged across various asset classes.