Robinhood missed Q3 (rev $1.42B vs $1.43B, EPS $0.51 vs $0.55), but the mix is the story: event contracts hit $173M and have overtaken crypto at $120M. Crypto is down 55% y/y while prediction markets

What happened: Robinhood reported third-quarter revenue of $1.42 billion and earnings of $0.51 per share, both below Wall Street expectations, while crypto revenue rose and event contracts revenue grew. Key numbers: Revenue $1.42 billion versus roughly $1.43 billion expected. EPS $0.51 versus $0.55 expected, down from $0.61 a year ago. Why it matters: The quarter missed on both revenue and earnings, and shares fell in after-hours trading. Robinhood trimmed the top of its 2026 cost guidance range, while event contracts continued to outgrow crypto revenue. Coverage: 5 outlets in 24h

Robinhood reported third-quarter revenue of $1.42 billion and earnings of $0.51 per share, both below Wall Street expectations, while crypto revenue rose and event contracts revenue grew.

The quarter missed on both revenue and earnings, and shares fell in after-hours trading. Robinhood trimmed the top of its 2026 cost guidance range, while event contracts continued to outgrow crypto revenue.