Robinhood beats profit estimates as post-election trading frenzy lifts volumes

Written By Cheryl Moy

Feb 12 (Reuters) - Robinhood (HOOD.O), opens new tab beat expectations for fourth-quarter profit on Wednesday, driven by a surge in equity, option and crypto trading on its platform following Donald Trump's return to the White House, sending its shares up more than 14% after the bell.

Robinhood's transaction-based revenue, or income generated from fees for facilitating trading in options, cryptocurrency and equities, jumped 236% in the quarter to $672 million from a year earlier.

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Cheryl Moy
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