Robinhood's stock soars more than 10% as company's revenue gets boost from crypto

Robinhood Markets Inc.’s stock roared more than 10% higher in the after-hours session Tuesday after the online trading platform swung to a quarterly profit and topped Wall Street expectations for its revenue, thanks to rising crypto deposits and more subscribers buying a premium service. Robinhood HOOD, -1.42% earned $30 million, or 3 cents a share, in the fourth quarter, contrasting with a loss of $166 million, or 19 cents a share, in the fourth quarter of 2022. Revenue rose 24% to $471 million, thanks in ...