"Robinhood's Q4 Revenue Surges, Driving Stock Soar"

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Source: Yahoo Finance
"Robinhood's Q4 Revenue Surges, Driving Stock Soar"
Photo: Yahoo Finance
TL;DR Summary

Robinhood Markets' fourth-quarter revenue increased to $471 million from $380 million a year earlier, driven by a rise in net interest revenue to $236 million from $167 million. The company's financial performance was boosted by higher interest income from customer loan repayments in a favorable interest rate environment. Robinhood's shares rose 8% in extended trading following the announcement.

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