Robinhood stock slips before the bell after crypto revenue miss; HOOD investors eye costs
Robinhood shares fell about 1% to $85.60 premarket Wednesday after a 6.3% drop Tuesday, as fourth-quarter revenue missed estimates despite record highs. Crypto trading revenue slid 38% to $221 million, offsetting gains in equities and options. Platform assets rose 68% to $324 billion. Management projected 2026 operating expenses up to $2.725 billion as the company invests in new products and expansion.