CNA · 2026-10-27 22:02 UTC

Robinhood profit misses estimates as crypto trading slows

Robinhood missed Q3 profit estimates with earnings of 51 cents per share versus expected 55 cents, as cryptocurrency transaction revenue fell 55% to $120 million year-over-year. Stock fell 7% after-hours on the miss, though overall transaction-based revenue rose 19% to $867 million driven by sixfold increase in event-contracts revenue and 31% jump in options revenue. Operating expenses rose 16% to $739 million due to higher credit-loss provisions, spending on new businesses, and increased marketing, while crypto markets faced pressure from volatility and outflows.

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