Robinhood stock rises despite Q4 earnings miss

Yahoo Finance markets reporter Ines Ferre checks out Robinhood shares following a miss on earnings and revenue.

Video transcript

- All right. Earnings alert now. Robinhood shares trading up almost 60% after-- six, excuse me-- after posting earnings. Yahoo Finance's Ines Ferre here to break down the numbers. Ines, what jumps out to you?

INES FERRE: Yeah, that's right. Well, adjusted loss per share for Robinhood's fourth quarter came in at $0.11. That was in line with expectations. Revenue came in below Wall Street expectations. That came in at $380 million. The Street was expecting $389 million. I want to point out crypto revenue for the fourth quarter came in below expectations. That came in at $39 million. The estimate was for $45.8 million. No surprise there since we're in a crypto winter.

Also, monthly active users, that came in slightly below expectations at $11.4 million. The Street was expecting $12.2 million. But, look, analysts were expecting user growth to stay flat. They were expecting it to steady from the previous quarters. Also, taking a look at the earnings release, Robinhood announcing that its cofounders are canceling nearly $500 million of their share-based compensation, saying that Vlad Tenev and Baiju Bhatt announced that they have canceled their 2021 pre-IPO market-based restriction stock unit awards, which total 35.5 million of currently unvested shares. So you are seeing shares now up in after hours. And by the way, year to date, the stock is up 28%, guys.

- It is. Thank you so much for that.