In the fourth quarter of 2024, Robinhood reported a 115% increase in revenue, reaching $1.01 billion, surpassing analysts’ expectations. The platform also saw $1.3 billion in net transfers, signaling a significant increase in serious investors. CEO Vlad Tenev emphasized that Robinhood is evolving into a space for serious investment, competing with firms like Fidelity. This growth is a rebound from the backlash the company faced during the 2021 meme stock saga. Robinhood’s stock surged 15% in after-hours trading, reflecting investor confidence as it continues to expand its user base.