
#RobinhoodQ3ProfitFalls
About RobinhoodQ3ProfitFalls
Robinhood’s Q3 revenue rose 12% YoY to a record $1.424B, while net profit fell 14% to $476M. Diluted EPS of $0.51 missed analyst expectations. Crypto trading revenue dropped 55% to $120M, while event contract revenue reached $173M, about 6.4 times the year-earlier level. With record revenue but lower net profit, can newer businesses sustain growth?
Insights
Hot
Latest