Robinhood shares fell after the earnings release, as its Q4 cryptocurrency revenue declined by 38%.

PANews reported on February 11th that Robinhood's fourth-quarter earnings report showed a 38% year-over-year decline in cryptocurrency trading revenue, causing the company's stock price to fall by approximately 8% in after-hours trading. Total net revenue for the quarter increased by 27% year-over-year to a record $1.28 billion, with trading revenue growing by 15% to $776 million. Cryptocurrency trading revenue was $221 million, a significant decrease compared to the same period last year, contrasting sharply with options revenue growing by 41% to $314 million and stock trading revenue growing by 54% to $9.4 million.

The platform's total crypto trading volume reached $82 billion, but this was primarily driven by the Bitstamp exchange, which was acquired last year; crypto trading volume on Robinhood's own app declined by 52% year-over-year. Other businesses performed strongly: net interest income grew 39% to $411 million, Robinhood Gold subscribers grew 58% to 4.2 million, and total platform assets grew 68% to $324 billion.