Robinhood Q3 Revenue Reaches $1.42B, Crypto Revenue Falls 55% YoY

October 28: According to Robinhood's official announcement, Robinhood's third-quarter total net revenue rose 12% year-over-year to $1.42 billion, with net income of $476 million, down 14% year-over-year, and diluted earnings per share of $0.51. Of that, crypto revenue was $120 million, down 55% year-over-year, while crypto notional trading volume fell 38% year-over-year to $50 billion; prediction market event contract revenue was $173 million, up more than 6x year-over-year. In its first quarter after the Robinhood Chain mainnet launch, DEX trading volume exceeded $80 billion and on-chain fees exceeded $50 million. As of the end of the quarter, total platform assets stood at $396 billion, up 19% year-over-year; funded users reached 28.7 million and Gold subscribers 5.2 million.