Robinhood announced its third-quarter earnings, with revenue growing 12% year-over-year to $867 million, meeting market
Robinhood announced its third-quarter earnings, with revenue growing 12% year-over-year to $867 million, meeting market expectations. This was primarily driven by the expansion of options, prediction markets, and other financial services. Event contract revenue surged over 500%, options revenue increased 31% to $399 million, and equities revenue rose 41% to $121 million. However, cryptocurrency revenue declined 55% to $120 million, causing total transaction revenue to fall short of Wall Street's expectations, leading to a 3% drop in the company's stock price after hours.
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