Robinhood (HOOD) Stock at $95 Before Q3 Earnings as…
By Abdelaziz Fathi
AI summary of the source article
Robinhood shares traded near $95 ahead of Q3 earnings as its prediction markets saw surging activity. Management highlighted contracts tied to bitcoin, crude oil, and gold as some of the platform's fastest-growing products.
Why it matters
Mackenzie noted that customers starting with event contracts often explore stocks, crypto, futures, and options, meaning "prediction markets could support customer acquisition and engagement beyond their direct revenue contribution."
Key facts
- Event contracts generated $156 million in Q2 revenue and processed 13.6 billion contracts, more than ten times year-earlier levels.
- Contracts linked to bitcoin, crude oil, and gold price movements are dominating Robinhood's prediction marketplace, with trading horizons shortening to 15-minute intervals.
- HOOD shares closed at $95.07 on October 23, sitting approximately 36.8% below the company's 52-week high of $150.47.
Source excerpt · FinanceFeeds
Robinhood Markets (NASDAQ: HOOD) enters its third-quarter earnings week trading near $95, with new comments from its prediction-markets chief putting bitcoin, gold and crude oil contracts in focus ahead of Tuesday's results. HOOD stock closed Friday, October 23, at $95.07, down 1.56%, extending a difficult month for the brokerage's shares. Robinhood will report Q3 2026 earnings after the US market…