In brief – Robinhood reported record third-quarter revenue of $1.42 billion, slightly below the roughly $1.43 billion expected, and earnings of $0.51 per share versus $0.55 expected. – Event contracts revenue rose to $173 million from $156 million in the second quarter, and…
ypto revenue rose to $120 million from $100 million but fell 55% from a year earlier. – Robinhood trimmed the top of its 2026 cost guidance to a range of $2.675 billion to $2.75 billion, and shares slipped in after-hours trading. Robinhood, the trading app where more than 28 million people keep money to buy stocks and crypto and now bet on sports and elections, reported third-quarter revenue of $1.42 billion billion on Tuesday, missing the roughly $1.43 billion Wall Street expected Earnings came in at $0.51 per share, missing the $0.55 analysts projected and down from $0.61 a year ago
Earnings per share is profit divided by the number of shares outstanding, and it is the figure investors use to call a quarter a beat or a miss. Robinhood is the app that brought commission-free trading to a generation of first-time investors, which makes its quarterly report one of the clearest readings of what ordinary people are doing with their money. When customers trade more, deposit more or pile into new products, the shift shows up in these numbers.
Net income was $476 million, down 14% from $556 million a year earlier and 17% from $573 million in the second quarter. The quarter included a $67 million unrealized loss, meaning a drop in value on paper, on Robinhood Ventures Fund I, which cost $0.07 per share. Adjusted earnings per share, which exclude certain items, came to $0.60, down 3% from a year ago.