Robinhood's fiscal Q1 net revenue tops estimates
Robinhood's first-quarter net revenue was $618 million, compared with analysts' expectations of $546.8 million; first-quarter transaction-based revenue was $329 million, compared with analysts' expectations of $255.3 million; first-quarter cryptocurrency trading revenue was $126 million, compared with analysts' expectations of $70.9 million; the number of monthly active users in the first-quarter was 13.7 million, compared with analysts' expectations of 1,129 million; unchanged full-year overall operating expense estimate at $1.85 billion-$1.95 billion.
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