Robinhood posts record $1.42B Q3 revenue but EPS misses as crypto revenue falls 55%
- —Crypto revenue fell 55% to $120 million; notional volume dropped 38% to $50 billion
- —Event contracts revenue surged more than sixfold to $173 million
- —Options revenue rose 31% to $399 million; equities revenue climbed 41% to $121 million
- —Robinhood Ventures Fund I booked $67 million in unrealized investment losses
Why it matters: A 55% drop in crypto revenue signals weakening retail demand for digital assets on one of the largest consumer trading platforms.
Source: Crypto Briefing