Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting
CoinDesk
Robinhood reported a 47% drop in crypto revenue, offset by record growth in prediction market event betting and higher overall transaction revenue.Summary
Robinhood's first-quarter 2026 earnings reveal a 47% decline in crypto trading revenue, which fell to $134 million. Despite this, the company achieved a 15% increase in total revenue to $1.07 billion, largely driven by a 320% surge in event contract revenue. Users traded a record 8.8 billion event contracts, reflecting a shift in consumer activity toward prediction markets. While net income grew to $346 million, the company's adjusted earnings per share missed analyst expectations, leading to a 6% decline in share price during post-market trading as the firm continues to diversify away from crypto volatility.
(Source：CoinDesk)