Monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter. This number was also below estimates of 19.8 million, according to FactSet.
For the fourth quarter, Robinhood reported a net loss of $423 million, or a 49 cent loss per diluted share, wider than the 45 cent loss estimate collected by Refinitiv. However, Robinhood posted $363 million in revenue in the final three months of 2021, slightly above analysts expectations of $362.1 million.
. Shares are down more than 34% in January, bringing its market capitalization to less than $10 billion. Revenue from crypto has been declining since the second quarter of 2021. After a banner $233 million in the second quarter of 2021, crypto-based revenue was only $51 million in the third quarter. And Thursday's report shows its continuing to decline."Robinhood has set aggressive goals to start opening its crypto platform up to customers internationally in 2022.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Robinhood shares tumble 9% after first-quarter revenue forecast is well below estimatesWall Street was expecting a loss of 45 cents per share for Robinhood in the fourth quarter, according to Refinitiv. Analysts predict revenue of $362.1 million. As does Tesla. Sell short to Kathie Wood. Wait… people being doing that for months! Lol All the get rich quick kids, ran out of money and had to get a job. The customer base is down and will continue ...
Source: CNBC - 🏆 12. / 72 Read more »
Jailed Oath Keeper’s Estranged Wife Shares Snaps of ‘Escape Tunnels’ Dug Into Backyard'Folks if you ever feel tempted to rent a backhoe and dig escape tunnels in the backyard of your rental house, keep in mind it may back to haunt you if you later attempt to overthrow the U.S. government,' Tasha Adams tweeted A backhoe, lol Shades of Saddam. Progressives idea of voting rights is to have a free-for-all with no accountability and no identification at the polls. While they cry 'voter suppression' what they're offering is a bill to legalize cheating in elections; A, 'Voters cheating rights bill,' & Crying the opposite 😂
Source: thedailybeast - 🏆 307. / 63 Read more »
Matt Reeves Shares Details On Ben Affleck’s Batman Movie ScriptTheBatman director Matt Reeves reveals details about Ben Affleck's abandoned Batman script, hinting at an action-packed movie with DCEU connections. 'It [was] almost James Bond-ian,' he said. No matter what anyone says about a Comicbook. If it was action heavy I think it would make a really cool animated film. DCComics wbpictures WarnerMedia hbomax ATT restorethesnyderverse ZackSnyderJusticeLeague-2-3-4
Source: screenrant - 🏆 7. / 94 Read more »
Bindi Irwin Shares Resemblances Between Daughter Grace and Her 'Crocodile Hunter' GrandpaBindi Irwin and Chandler Powell\u2019s daughter, Grace Warrior, is such a cute baby \u2014 have you seen her 10-month-old photo shoot? Adorable! \u2014 and is already having a blast playing with animals at the Australia Zoo. She may not have celebrated her first birthday yet, but she is already showing off one more special trait: her resemblance to her famous grandpa, the late \u201cCrocodile Hunter\u201d Steve Irwin. In an interview with Entertainment Tonight Wednesday,\u00a0 Bindi and her mom, Terri Irwin, shared how the sweet little girl reminds them of Steve, who died in 2006. \u201cI think she's got that determination...
Source: SheKnows - 🏆 558. / 51 Read more »
China property shares slump as planned U.S. rate hike adds to woesChina Evergrande Group shares slumped on Thursday after the developer's thinly detailed roadmap for restructuring left investors dissatisfied and its indebted peers also fell on concerns higher interest rates would raise financing costs.
Source: Reuters - 🏆 2. / 97 Read more »
Britney Spears, in Shades, Shares Her Full-Body Gym WorkoutBritney Spears recently shared a gym routine on Instagram full of weight-lifting moves and cardio.
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »