Robinhood Logs a Record 16.4 Billion Event Contracts and Adds a 14th $100 Million Business Line
By Unchained
AI summary of the source article
Robinhood reported record net revenue of $1.42 billion for the third quarter, driven by 16.4 billion traded event contracts. Its prediction-market exchange Rothera surpassed $100 million in annualized revenue, becoming the brokerage's 14th $100 million business line.
Key facts
- Robinhood's total net revenue climbed 12% year over year to a record $1.42 billion in the third quarter.
- Customers traded a record 16.4 billion event contracts, generating $173 million in event contract revenue.
- Prediction-market exchange Rothera generated over $100 million in annualized revenue in its first full quarter.
Source excerpt · Unchained
Diluted earnings per share of $0.51 fell short of forecasts, while crypto revenue rose 20% from the prior quarter to $120 million but was down 55% from a year earlier. The post Robinhood Logs a Record 16.4 Billion Event Contracts and Adds a 14th $100 Million Business Line appeared first on Unchained .