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HOOD shares tumble 13% as crypto revenue plunges and earnings miss expectations
Business
Published on 29 April 2026
A 47% crypto revenue slide fueled the surprise drop
Robinhood’s HOOD stock fell about 13% after the company reported first-quarter results that missed analyst expectations on both earnings and revenue. The sharpest worry came from crypto, where revenue reportedly plunged by 47%, dragging overall performance. Investors are now questioning near-term growth and how Robinhood’s push into new services will hold up amid weaker activity.
- HOOD dropped around 13% after first-quarter results
- Earnings and revenue came in below analyst forecasts
- Crypto revenue fell sharply, reportedly by 47%
- Investors flagged concerns about near-term growth outlook
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times