CNA · 2026-10-28 09:11 UTC

Robinhood shares fall as crypto markets chill drives profit miss

Robinhood shares fell 8% in premarket trading after Q3 profit missed Wall Street expectations due to weak crypto markets. Cryptocurrency revenue dropped 55% to $120 million; per-share quarterly profit declined 16% to 51 cents versus expected 55 cents. Bitcoin fell nearly 28% over 3 months amid interest rate concerns, ETF outflows, and risk aversion, though total net revenue rose 12% to $1.42 billion.

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