Robinhood Q3 Revenue Nears Estimates as Prediction Markets…
By Karthik Subramanian
AI summary of the source article
Robinhood Markets reported record third-quarter net revenue of $1.424 billion, up 12% year over year, driven by prediction markets and options trading. Net income declined 14% to $476 million as cryptocurrency transaction revenue dropped 55%.
Why it matters
The results illustrate Robinhood's changing revenue composition, with prediction markets becoming a larger contributor as digital asset trading volumes weaken.
Key facts
- Total net revenue rose 12% year over year to $1.424 billion, while net income fell 14% to $476 million.
- Event contracts revenue surged to $173 million, surpassing cryptocurrency transaction revenue, which dropped 55% to $120 million.
- Options trading revenue increased 31% to $399 million, while equities transaction revenue grew 41% to $121 million.
Source excerpt · FinanceFeeds
Robinhood Markets reported record third-quarter revenue on October 27, 2026, as rapid growth in prediction markets and options trading offset a sharp year-over-year decline in cryptocurrency transaction revenue. Total net revenue reached $1.424 billion for the three months ended September 30, increasing 12% from $1.274 billion a year earlier and 9% from the preceding quarter. The result was broadl…