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taishiro
Robinhood Q3 Profit Falls as Crypto Slump Outweighs Record Revenue and Prediction Market Surge
Robinhood just reported record Q3 revenue of $1.42B, up 12% year over year. Yet net income fell 14% to $476M, while earnings per share came in below Wall Street expectations.
The biggest drag was crypto. Transaction revenue from digital assets dropped 55% to $120M, showing how much trading activity still depends on market conditions.
But there is another side to the story
#RobinhoodQ3ProfitFalls
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Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump says the possibility of a large-scale strike on Iran is low, oil prices plummet
