00:00 It's Benzinga and here's what's on the block. Robinhood reported fourth quarter revenue of
00:04 $471 million, surpassing analyst estimates of $457 million. Net deposits on the Robinhood
00:10 platform were $4.6 billion for Q4, outpacing last year. Crypto revenue is $43 million,
00:15 topping estimates of $37 million as Bitcoin hit two-year highs. Robinhood expects total
00:20 operating expenses between $1.85 to $1.95 billion for 2024. CEO Vlad Tenev said 2023 was strong,
00:27 and 2024 is off to an even better start with more customers and deposits.
00:31 Regulators approving Bitcoin ETFs in January allowed Robinhood to quickly list them.
00:36 Shares of Hood rose nearly 9% in after-hours trading following the earnings release.
00:40 For all things money, visit Benzinga.com.
Comments