Robinhood's Q3 crypto revenue fell 55% year-over-year to $120 million, but exceeded Wall Street expectations; total reve
Robinhood's Q3 crypto revenue fell 55% year-over-year to $120 million, but exceeded Wall Street expectations; total revenue increased 12% year-over-year to $1.424 billion. The company's crypto trading volume decreased 38% year-over-year to $50 billion. Additionally, Robinhood Chain processed over $80 billion in decentralized transaction volume and generated over $50 million in on-chain fees in its first quarter of mainnet operation. Earnings per share (EPS) for Q3 was $0.51, below the expected $0.55. Following the earnings release, Robinhood's stock price dropped approximately 5% in after-hours trading.
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