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Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report

NewsBTC LogoNewsBTC13h ago

Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report - NewsBTC

Quick Summary:

The company shared that its net deposits grew to $34 billion, and revenue increased 36% yearly to $367 million, with its cryptocurrency unit leading the surge.

Robinhood Surprises With Impressive Growth Robinhood’s growth story impressed many market observers and analysts, given its recent experience with FTX, the meme frenzy,’ and run-ins with the SEC.

Q3 Filing Is Company’s Second-Best Revenue Despite its challenging backstory and the SEC’s regulatory pressures, Robinhood Markets found its rhythm to post a solid third-quarter performance.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 18:00:44 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23352797

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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