Robinhood stock falls 5% after hours as earnings miss estimates and crypto revenue sinks 55%
6 outlets · first seen 12h ago · latest 11h ago
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Crypto Briefingfirst seen
Robinhood stock falls 5% after hours as earnings miss estimates and crypto revenue sinks 55%
Robinhood's revenue diversification shows promise, but crypto's decline highlights vulnerabilities, impacting investor confidence and market dynamics. The post Robinhood stock falls 5% after hours as earnings miss estimates and crypto revenue sinks 55% appeared first on Crypto Briefing.
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Crypto Briefing
Robinhood posts $808M Q3 adjusted EBITDA as crypto revenue falls 55%
Robinhood's diversification strategy mitigates crypto revenue decline, highlighting resilience and adaptability in a volatile market landscape. The post Robinhood posts $808M Q3 adjusted EBITDA as crypto revenue falls 55% appeared first on Crypto Briefing.
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Crypto Briefing
Robinhood’s Q3 platform assets rise 19% to $396 billion as crypto revenue halves
Robinhood's asset growth amid declining crypto revenue highlights its resilience and adaptability, underscoring a shift in retail investor behavior. The post Robinhood’s Q3 platform assets rise 19% to $396 billion as crypto revenue halves appeared first on Crypto Briefing.
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The Defiant
Robinhood Chain Lifts Q3 Crypto Revenue to $120 Million
The network contributed $26 million, offsetting a decline in crypto revenue elsewhere, while company-wide revenue and earnings fell short of MarketBeat's consensus.…
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Crypto Briefing
Robinhood revenue rises 12% as options and event contracts boost growth
Robinhood Q3 revenue rose 12% to $1.42 billion as options and event contracts surged, offsetting a 55% drop in crypto revenue. The post Robinhood revenue rises 12% as options and event contracts boost growth appeared first on Crypto Briefing.
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Robinhood's crypto revenue fell 55% from last year, but topped Street forecasts
Crypto trading volume fell 38% from year-ago levels, but the firm's overall blockchain business gained traction.
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Bitcoin News
Robinhood Crypto Revenue Plunges 55% in Q3 Despite Record $1.42B Overall Revenue
Robinhood reported record quarterly revenue of $1.42 billion as growth in options and prediction markets offset a sharp decline in cryptocurrency trading, even as the company expanded its blockchain and digital asset businesses. Record Overall Revenue, But Not for Crypto Robinhood Markets (Nasdaq: HOOD) reported a 55% year-over-year decline in cryptocurrency transaction revenue to $120 […]
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Decrypt
Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow
Robinhood posted record revenue of $1.42 billion but earned $0.51 per share, short of the $0.55 expected, as bets on sports and elections grew to $173 million and crypto edged up.
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The Block
Robinhood Chain brings in $26 million as crypto revenue rises 20% in Q3
Robinhood’s blockchain boosted crypto revenue, while prediction markets brought in $173 million in the third quarter.