TREE NEWS reports: Robinhood reported third-quarter total net revenue of $1.42 billion, up 12% year over year, while net income fell 14% to $476 million and diluted EPS came in at $0.51. Crypto revenue dropped 55% to $120 million and crypto notional trading volume fell 38% to $50 billion, offset by prediction-market event contract revenue of $173 million, up more than sixfold. Platform assets reached $396 billion, with 28.7 million funded customers.
Robinhood Q3 revenue hits $1.42B as crypto income falls 55%
AI take
The headline number masks a structural shift: crypto, long Robinhood's growth engine, is now contracting sharply in both revenue and volume, while prediction-market event contracts have quietly become a larger revenue line than crypto itself. That matters for the broader retail-trading complex, since it suggests speculative appetite hasn't vanished but is migrating toward event-driven products rather than tokens. Whether event contracts can scale without drawing the regulatory scrutiny crypto already carries is the open question worth watching.
Generated by AI for reference only.
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