Roughly ~20% of $HOOD's revenue comes from Crypto (~$268M from $1.27 Billion).
If crypto revenue drops by 40%, that's only an 8% hit to total revenues or ~$100M. By contrast, for $COIN a 40% hit to crypto revenue would mean a 40% hit to their revenues!
But, $HOOD has 10 other businesses, all of which are growing rapidly. Just the new prediction markets business alone is expected to grow by more than 200% quarter-to-quarter from Q3 to Q4! That might mean just that business alone might erase any revenue declines from crypto.
Then there is Credit Cards, Equities trading, Options trading, Cash Sweep (interest), Securities Lending, Gold Subscription Revenue, and Futures Trading.
Not to mention they're about to launch personal banking.
Robinhood is a monster!
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