Robinhood Markets Inc. reported a significant earnings beat for Q1 2024, with earnings per share (EPS) of $0.18, surpassing both the expected $0.12 and a substantial improvement from the previous year's loss. The company's revenue also exceeded expectations, reaching $618 million against the anticipated $555 million. This performance marks a notable turnaround from a loss in the same quarter last year, driven by increased net interest revenue from rate hikes and a 224% increase in cryptocurrency trading volume. Additionally, Robinhood's assets under custody grew to $129.6 billion, exceeding forecasts of $120.43 billion. The net income stood at $157 million, with an adjusted EBITDA of $247 million. Crypto transaction revenue also saw a significant rise, up 232% to $126 million.