GoKawiilRobinhood Q3 revenue misses estimates as crypto trading revenue drops 55%
Robinhood reported third-quarter revenue of $1.42 billion, up 12% year-over-year but below some analyst expectations, with net income falling to $468 million from $556 million a year earlier. Transaction-based revenue rose 19% to $867 million, fueled by a surge in options and event-contract trading, but a 55% drop in cryptocurrency revenue weighed on results. Shares fell about 5% in after-hours trading following the report.
GoKawiil's interpretation of the reporting above, not reported fact.
The results suggest Robinhood's push to diversify beyond crypto trading into options, event contracts and wealth management is gaining traction, even as crypto volatility continues to swing its results. CFO Shiv Verma noted that crypto-linked event contracts gave traders a way to bet on crypto moves despite the price slump, which could hint at a longer-term shift in how the company monetizes crypto interest. Investors' reaction suggests some skepticism about whether growth in newer products can fully offset weakness in core trading revenue.
- Q3 revenue hit $1.42 billion, up 12% year-over-year but missing some Wall Street estimates
- Crypto revenue fell 55% while options and event-contract revenue surged over 500%
- Shares dropped roughly 5% in after-hours trading on the mixed results
Source: cnbc.com — Tanaya Macheel, 2026-10-27
Published there as: “Robinhood shares fall 5% as crypto slump weighs on profits, offsetting gains in new businesses”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.