Robinhood Stock Soars After Profit Jumps on Post-Election Rally -- WSJ

Dow Jones

Feb 13, 2025

By Hannah Erin Lang

Robinhood posted a sharp jump in quarterly profit, fueled by a flurry of post-election trading activity.

-- The online brokerage reported late Wednesday that net income totaled $916 million, or $1.01 a share, last quarter, up from $30 million, a year earlier.

-- Analysts were expecting a per-share profit of 42 cents, according to FactSet.

-- Revenue more than doubled, to $1.01 billion. That total also exceeded analysts' estimates.

-- Revenue on customer trades tripled to $672 million, more than half of which came from cryptocurrency trades.

The stock jumped 15% in premarket trading.

Robinhood was a big winner of the "Trump bump:" the end-of-year market rally marked by investors' hopes that Donald Trump's election victory would usher in a more business-friendly administration.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 13, 2025 04:36 ET (09:36 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2025 04:36 ET (09:36 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511114395","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511114395","pubTimestamp":1739439360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Robinhood posted a sharp jump in quarterly profit, fueled by a flurry of post-election trading activity.-- The online brokerage reported late Wednesday that net income totaled $916 million, or $1.01 a share, last quarter, up from $30 million, a year earlier.-- Analysts were expecting a per-share profit of 42 cents, according to FactSet.-- Revenue more than doubled, to $1.01 billion. 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