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Robinhood Q3 Revenue and EPS Miss Expectations
Robinhood announced its third-quarter earnings, with revenue of $1.42 billion, falling short of market expectations of $1.43 billion. Earnings per share (EPS) were $0.51, missing the anticipated $0.55. Net income for the quarter was $476 million, a 14% decrease year-over-year. Prediction market revenue increased to $173 million, and cryptocurrency trading revenue rose to $120 million, though it was down 55% year-over-year. Additionally, Robinhood has partnered with Ripple to integrate the RLUSD stablecoin into its Robinhood Chain and Bitstamp platforms.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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