Robinhood Markets, Inc. reported a 15% increase in first-quarter revenue to $1.07 billion, but faced a significant downturn in its crypto segment. Crypto revenue fell 47% year-over-year to $134 million, with trading volume dropping 48% to $24 billion. This decline marked the weakest performance across Robinhood's trading lines, contributing to a miss on Wall Street estimates, with adjusted earnings per share at $0.38 versus the expected $0.39. Despite the crypto slump, Robinhood's transaction-based revenue rose 7% to $623 million, driven by strong performances in options and equities. Options revenue increased 8% to $260 million, while equities revenue surged 46% to $82 million. The company also saw a 320% rise in other transaction revenue, primarily from prediction and event contracts. Total platform assets grew 39% to $307 billion, with net deposits reaching $17.7 billion, reflecting a 22% annualized growth rate.