Robinhood Q4: Crypto moni drop 38% as options & prediction markets soft-pedal the miss

Robinhood report say e make about $1.28B for Q4 net revenue, wey miss Street estimate (~$1.32–$1.35B) and e cause after‑hours trading to drop like 7–8%. Crypto trading revenue fall 38% year‑on‑year to about $221M, so crypto share of total revenue dey near ~10%. Nominal crypto trading volume for Robinhood and Bitstamp small rise quarter‑on‑quarter reach record $82.4B, but growth dey behind stocks and options. Options revenue (~$314M) also miss estimates despite record options volumes; management talk say retail options flow strong and prediction‑market plus event contract activity dey grow, with non‑stock trading revenue (including prediction markets and futures) hit record $147M — first time e pass stock trading revenue. Robinhood repeat 2025 guidance for about $4.5B net revenue and $1.9B net income. Analysts talk say the revenue miss pain for stock wey value high, though some (like Autonomous Research) still keep Buy rating because diversification and strong options franchise. Market context: Bitcoin around $66.7k, Ethereum near $1.98k and Solana showing high volatility, meaning tighter liquidity and risk‑off mood across high‑beta crypto assets. Key takeaways for traders: weak crypto revenue fit pressure HOOD and show muted retail crypto activity; record options and prediction‑market growth dey diversify revenue but fit no balance near‑term crypto weakness. Keywords: Robinhood, crypto revenue, Q4 earnings, options, prediction markets.