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AI summary of a third-party reportBearishNewsDesk

Robinhood misses Q3 forecasts as crypto revenue falls 55% year on year

Robinhood reported record third-quarter revenue of $1.42bn but fell short of Wall Street's $1.43bn estimate, while crypto trading revenue dropped 55% from a year earlier despite rising from the second quarter.

Why it matters: Robinhood's results offer a read on retail appetite for crypto, with trading volumes down sharply year on year while prediction-market bets keep growing.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: Robinhood misses Q3 forecasts as crypto revenue falls 55% year on year
Image: Decrypt
Original reporting: Jose Antonio Lanz, Decrypt

Key points

  • Third-quarter revenue reached $1.42bn against roughly $1.43bn expected, with earnings of $0.51 per share versus $0.55 projected.
  • Crypto revenue rose to $120m from $100m in the second quarter but was down 55% from $268m a year earlier, as crypto volume fell 38% to $50bn.
  • Event contracts brought in $173m, up from $156m in the second quarter, on a record 16.4 billion contracts traded.

Net income fell 14% to $476m from $556m a year earlier, and shares slipped in after-hours trading after closing at about $94.61 on Tuesday.

Crypto revenue rose to $120m from $100m in the second quarter but remained 55% below the $268m recorded a year earlier. Customers traded $50bn in crypto during the quarter, down 38% year on year, split between $21bn on the Robinhood app and $29bn through Bitstamp, the exchange it acquired.

Event contracts, the yes-or-no bets on games, elections and economic reports, generated $173m, up from $156m in the second quarter, when they first overtook crypto revenue.

Robinhood narrowed its 2026 cost guidance to $2.67bn-$2.75bn, trimming the top of its earlier range. Hours before the results it announced a deal with Ripple to bring the RLUSD stablecoin to Robinhood Chain and Bitstamp.

What to watch: Ripple's RLUSD stablecoin is due to roll out in the Robinhood app later in 2026 under the deal announced before the results.

Read the full story on Decrypt

Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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