Robinhood posts $808M Q3 adjusted EBITDA as crypto revenue falls 55%

Robinhood posted $808 million in Q3 adjusted EBITDA, despite a 55% fall in crypto revenue. The company's diversification strategy mitigated the decline, showcasing resilience in a volatile market. By relying on other revenue streams, Robinhood maintained strong profitability, demonstrating its ability to weather downturns in the crypto sector while sustaining overall financial performance.