THE BLOCK · 2026-10-28 17:06 UTC

Robinhood earnings miss, crypto weakness fail to shake Wall Street's bullish outlook

Robinhood reported Q3 revenue of $1.42 billion with crypto revenue falling 55% to $120 million year-over-year, causing stock to drop 10% initially. Bernstein and StoneX analysts maintained bullish ratings, with Bernstein projecting prediction markets, perpetual futures, and Robinhood Chain will generate 25% of revenue by 2028. Robinhood Chain generated $26 million in net revenue in its first quarter; prediction markets revenue reached $173 million with non-sports contracts doubling their share to 30%.

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