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.