All stories
Business
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.
By Jose Antonio Lanz
Robinhood reported record revenue of $1.42 billion in its third quarter, but earnings per share came in at $0.51, short of the $0.55 that had been expected.
Revenue from bets on sports and elections grew to $173 million during the quarter. Crypto revenue edged up.