Robinhood reported third-quarter EPS of $0.51 versus a $0.55 analyst estimate compiled by LSEG, and its shares fell more than 7% in after-hours trading.
Crypto revenue declines as event contracts grow
Cryptocurrency trading revenue fell 55% year over year to $120 million. Options revenue rose 31%, event-contract revenue grew more than sixfold and total transaction revenue increased about 19% to $867 million. Quarterly operating expenses rose 16% to $739 million.
CFO Shiv Verma said prediction-market annualized revenue was approaching $500 million. The figures and after-hours move are a reported earnings snapshot; the source does not establish a separate cause for the share-price reaction. Read the English BlockBeats flash (original Chinese: BlockBeats flash).