Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow

Bearish-17.66%

27 Oct, 20:42

Source: Decrypt

AI Summary

Robinhood reported record Q3 revenue of $1.42 billion but missed EPS estimates at $0.51 versus $0.55 expected, despite growth in prediction market bets and crypto trading.

Robinhood posted record revenue of $1.42 billion but earned $0.51 per share, short of the $0.55 expected, as bets on sports and elections grew to $173 million and crypto edged up.