Robinhood reports tonight: revenue expected to surge by 88%, with over 40 cryptocurrencies becoming a key highlight

[Crypto World] After the market closes tonight, Robinhood (@HOOD) will release its Q3 earnings report. Wall Street analysts have set some pretty aggressive forecasts—revenue expected to hit $1.2 billion, an 88.2% year-over-year jump, with adjusted earnings per share at $0.61.

Interestingly, although the stock has pulled back 6.46% recently, over the long term, this stock has skyrocketed over the past year, with a total gain of 462.5%. Behind this rally is the expansion of their cryptocurrency business.

Currently, the platform offers trading in over 40 digital assets. Bitcoin and Ethereum are standard, but the coverage is becoming increasingly broad. For the crypto community, the key takeaway from this earnings report isn’t just whether the numbers look good, but more importantly, how much traditional brokerage platforms are actually prioritizing the crypto market.

If the earnings beat expectations, it could boost confidence in the industry’s move toward greater regulation. If the results fall short, market sentiment might take a hit again. We’ll find out tonight.