Nasdaq 100: Robinhood and Coinbase Surge on Crypto Boom—Will the Rally Extend on Friday?

Robinhood, Coinbase, and Roku Surge After Earnings, Setting Up a Key Trading Session for Friday

Robinhood, Coinbase, and Roku delivered strong earnings results, fueling sharp after-hours gains that could influence broader market sentiment on Friday. With the S&P 500 and Nasdaq heavily weighted in tech and high-growth stocks, the momentum in these names may extend to the broader indexes.

Robinhood Rides Crypto Boom to Strong Gains

Robinhood (HOOD) surged over 14% after reporting a massive jump in crypto trading revenue. Transaction-based revenue skyrocketed 236% to $672 million, with crypto trading alone seeing a 700% increase as Bitcoin pushed past $100,000. The company’s total assets under custody climbed 88% to $193 billion, signaling strong retail engagement.

Analysts noted that Robinhood is gaining ground in crypto despite competing against native exchanges like Coinbase and Binance. While Robinhood’s token offerings remain limited compared to its competitors, its commission-free model and user-friendly platform are attracting retail traders. CEO Vlad Tenev highlighted that the company surpassed $1 billion in quarterly revenue for the first time, reinforcing its expanding market presence.

Coinbase Delivers Blowout Earnings on Crypto Strength

Coinbase (COIN) posted its best quarterly revenue in three years, reporting $2.27 billion in revenue, well above analyst estimates. Earnings per share came in at $4.68, crushing expectations of $1.81. Trading volume surged 185% year-over-year, driven by increased crypto volatility and optimism surrounding the new administration’s stance on digital assets.

Institutional and retail trading activity soared, with consumer trading volume up 224%. Coinbase attributed the surge to the launch of Bitcoin ETFs and expectations of regulatory clarity. The stock gained 2% in extended trading, reflecting confidence in the company’s ability to capitalize on the ongoing crypto rally.

Roku Jumps as Streaming Revenue Tops $1 Billion

Roku (ROKU) soared 15% after hours following a better-than-expected earnings report. The company posted revenue of $1.2 billion, surpassing estimates, and delivered its first quarter with over $1 billion in platform revenue.

Streaming hours on The Roku Channel grew 82% year-over-year, and the platform reached approximately 145 million U.S. households. Despite a reported loss of 24 cents per share, better-than-expected results fueled optimism about Roku’s long-term growth in the streaming market.

Market Outlook: Will These Gains Lift the S&P and Nasdaq?

The strong earnings from Robinhood, Coinbase, and Roku could provide a boost to the S&P 500 and Nasdaqon Friday, given their influence in the high-growth tech and consumer segments. Crypto-related optimism remains a major market driver, and any further upside in Bitcoin prices could sustain momentum in Robinhood and Coinbase.

Traders will be watching broader market sentiment to gauge whether these after-hours moves translate into extended gains or profit-taking. Additionally, upcoming economic data and Treasury yield movements will play a role in shaping Friday’s trading session.

More Information in our Economic Calendar.