Robinhood Q3 Revenue Meets Estimates as Prediction Market Revenue Surges and Crypto Revenue Falls 55% Robinhood reported Q3 2026 revenue of $1.424 billion, up 12% year-over-year and roughly in line with the $1.42 billion estimate.
Net income fell 14% to $476 million, while diluted EPS of $0.51 missed the $0.56 estimate, including $0.07 per share in unrealized losses primarily related to Robinhood Ventures Fund I
Adjusted EBITDA rose 9% to $808 million. Prediction market event contract revenue increased more than sixfold to $173 million, while crypto transaction revenue declined 55% to $120 million. Crypto notional trading volume fell 38% to $50 billion, while event contracts traded rose more than sevenfold to 16.4 billion.
Robinhood Chain recorded over $80 billion in DEX trading volume and more than $50 million in network fees during its first quarter on mainnet. The company also lowered the upper end of its 2026 adjusted operating expenses and stock-based compensation outlook from $2.775 billion to $2.75 billion, keeping the lower end at $2.675 billion. — link