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Robinhood revenue falls 43% as trading volumes moderate -Breaking

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© Reuters. FILE PHOTO : Robinhood Markets, Inc. logo seen during a Wall Street event after it’s IPO, New York City, U.S.A, on July 29, 2021. REUTERS/Andrew Kelly

(Reuters) – Robinhood Markets Inc (NASDAQ:), the broker at the centre of last year’s retail trading madness, reported a 43% drop in its first quarter revenues on Thursday. This was due to a decline across all asset types.

Total net revenues decreased to $299 million, compared with $522 million a year earlier.

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