CNA · 2026-10-27 21:26 UTC

Robinhood misses quarterly profit estimates as softer crypto activity outweighs robust trading

Robinhood missed Q3 profit estimates with EPS of 51 cents vs. expected 55 cents, as crypto transaction revenue fell 55% to $120 million year-over-year. Overall transaction-based revenue rose 19% to $867 million, driven by a sixfold increase in event-contracts revenue and 31% jump in options revenue. Operating expenses increased 16% to $739 million due to higher credit-loss provisions and spending on new businesses; stock fell 4.2% after-hours.

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