Robinhood has achieved a remarkable milestone in the fourth quarter of 2024, with revenue soaring to $1.014 billion, marking its first-ever billion-dollar quarter. This impressive performance represents a dramatic increase from $471 million in the same period last year. The company's earnings per share skyrocketed to $1.01, substantially exceeding analyst expectations of $0.411. The exceptional results triggered an immediate market response, with Robinhood's stock surging more than 14% in pre-market trading to reach $64.03. This stellar performance contributed to strong full-year results, with annual revenue climbing to $2.951 billion and earnings per share improving significantly from -$0.61 to $1.56.

The platform's success was largely driven by its booming cryptocurrency business, with transaction-based revenue jumping 236% to $672 million. Crypto trading showed particularly impressive growth, recording a 700% increase, aided by Bitcoin's strong performance. The company's stock has demonstrated remarkable recovery, climbing more than 380% from its 52-week low of $11.44, reflecting renewed investor confidence in Robinhood's business model.

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Fresh Robinhood information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.