Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
Robinhood's Q3 earnings missed estimates despite a rise in crypto revenue and growth in prediction market bets. The company's revenue reached $1.42 billion, but earnings per share were $0.51, short of the expected $0.55. Crypto revenue increased, but a slump in the crypto market weighed on profits.
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- ✓ Robinhood's Q3 revenue reached $1.42 billion.
- ✓ Robinhood's Q3 earnings per share were $0.51, missing the expected $0.55.
- ✓ Crypto revenue increased for Robinhood in Q3.
- ✓ Prediction market bets grew to $173 million for Robinhood in Q3.
What changed
Robinhood's Q3 earnings report revealed a miss in earnings per share despite record revenue and growth in crypto and prediction markets.
Live updates
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Robinhood Misses Q3 Earnings as Crypto Revenue Rises
Robinhood's Q3 earnings missed estimates despite a rise in crypto revenue and growth in prediction market bets. The company's revenue reached $1.42 billion, but earnings per share were $0.51, short of the expected $0.55. Crypto revenue increased, but a slump in the crypto market weighed on profits.
Why it matters
Robinhood's financial performance is closely watched as it expands into new areas such as options, prediction markets, and crypto trading. The company's growth in these areas is seen as crucial to its future success. The Q3 earnings miss and stock price decline reflect investor expectations for the company's financial performance.
What is confirmed
- Robinhood's Q3 revenue reached $1.42 billion.
- Robinhood's Q3 earnings per share were $0.51, missing the expected $0.55.
- Crypto revenue increased for Robinhood in Q3.
- Prediction market bets grew to $173 million for Robinhood in Q3.
- Robinhood's stock price fell 4-7% after the Q3 earnings miss.
What to watch next
- Robinhood's Q4 earnings report
- Crypto market trends
- Regulatory developments for prediction markets
confidence 85%Sources used for this update (18)
- www.bitget.com — Propland Price Prediction , PROPrice Prediction 2025
- CNBC — Robinhood shares fall 4% as crypto slump weighs on profits, offsetting gains in new businesses
- Yahoo Finance — Robinhood stock falls 7% after earnings miss despite record trading volumes
- MarketWatch — Retail traders buy the dip on chip stocks — but Robinhood gets burned by the crypto market
- Seeking Alpha — Robinhood stock dips as venture capital fund-related losses hit Q3 EPS (HOOD:NASDAQ)
- Reuters — Robinhood profit misses estimates as crypto trading slows
- Decrypt — Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
- Barron's — Robinhood Is Moving Beyond Crypto. Momentum Is Building, CFO Says.
- Yahoo Finance — Robinhood shares fall as crypto markets chill drives profit miss
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