Projected declines in cryptocurrency trading temper Robinhood's first-quarter expectations. Analysts forecast crypto-related revenue fell 41%. This revenue totaled $149 million amid cooling digital asset activity early in the year.
Consensus estimates project overall revenue at $1.12 billion. This figure represents a 22% year-over-year increase.
Continued strength in options and equities trading drives this growth. Analysts project 17% growth in options trading. Analysts project 49% growth in equities trading.
Analysts anticipate net interest income will rise 32%. This income totals $382 million in projections.