Robinhood’s Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates

Robinhood (HOOD) announced a significant 339% year-over-year increase in third-quarter crypto trading revenue, driven by $80 billion in crypto trading volume, resulting in $268 million in crypto-related revenue. The company surpassed Wall Street expectations, reporting adjusted earnings per share (EPS) of $0.61 against estimates of $0.53, with total net revenue reaching $1.27 billion versus forecasts of $1.21 billion. Despite the strong earnings beat, shares fell 2% in after-hours trading, though they remained up approximately 260% year-to-date. CFO Jason Warnick highlighted that Q3 showed profitable growth and successful diversification, including adding Prediction Markets and Bitstamp, which contribute significantly to annualized revenues. The company's market capitalization reached $126 billion, surpassing Coinbase.

(Source：CoinDesk)