Robinhood reports $1.42 billion third-quarter revenue as sports bets and crypto shift
Robinhood missed third-quarter revenue expectations with $1.42 billion reported on Tuesday.
The short version
- Earnings came in at $0.51 per share for the trading app.
- Event contracts brought in $173 million during the quarter.
- Crypto trading revenue rose to $120 million from $100 million.
Robinhood reported third-quarter revenue of $1.42 billion on Tuesday, missing the roughly $1.43 billion Wall Street expected according to Decrypt. Earnings came in at $0.51 per share, missing the $0.55 analysts projected and down from $0.61 a year ago. Net income was $476 million, down 14% from $556 million a year earlier.
Customers traded a record 16.4 billion of them, more than seven times a year earlier. Crypto trading revenue rose to $120 million from $100 million in the second quarter, but remained down 55% from the $268 million Robinhood earned in the third quarter of 2025.
Customers traded $50 billion in crypto during the quarter, down 38% from a year earlier. Robinhood shares closed Tuesday at about $94.61 and slipped in after-hours trading. The stock is down roughly 18% this year and about 37% below its 52-week high of $150.47.
