Robinhood shares fall 4% as crypto slump weighs on profits, offsetting gains in new businesses — SkimNews
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- Robinhood reported third-quarter EPS of 51 cents against 56 cents expected and revenue of $1.42 billion, matching estimates; shares fell 4% in after-hours trading.
- Robinhood posted net income of $468 million, down from $556 million a year ago, even as revenue rose 12% to $1.42 billion from $1.27 billion.
- Robinhood generated $867 million in transaction-based revenue, up 19% year over year but below StreetAccount’s $879 million estimate.
- Robinhood’s event-contract revenue increased more than 500% year over year, while options revenue rose 31% to $399 million and equities revenue rose 41% to $121 million.
- Robinhood’s cryptocurrency revenue fell 55% to $120 million, while CFO Shiv Verma said crypto-linked event contracts did well despite the slump in prices and spot trading.
- Robinhood recorded $15.7 billion in quarterly net deposits, representing 17% annualized growth based on Q2 2026 platform assets; trailing-year deposits totaled $71 billion, with 21% growth against Q3 2025 assets.
Why it matters: Robinhood investors faced a 51-cent EPS result against 56 cents expected and a 4% after-hours drop, showing that a 19% increase in transaction revenue did not prevent an earnings disappointment. The company’s 55% crypto-revenue decline remained large enough to offset part of the gains from event contracts, options and equities.
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