Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow

Robinhood posted record revenue of $1.42 billion but missed Q3 earnings expectations with $0.51 per share versus $0.55 expected. Crypto revenue edged up, while prediction market bets on sports and elections grew to $173 million. The mixed results highlight growth in non-crypto areas despite rising digital asset activity.