Robinhood reported third-quarter total net revenue of $1.42 billion, up 12% year-over-year, while crypto revenue dropped 55% to $120 million amid a 38% decline in crypto notional trading volume to $50 billion. Net income fell 14% YoY to $476 million, with diluted EPS at $0.51.
Prediction market event contract revenue surged more than 6x year-over-year to $173 million, and DEX trading volume exceeded $80 billion in the first quarter after Robinhood Chain mainnet launch, generating over $50 million in on-chain fees. Total platform assets reached $396 billion, up 19% YoY, with funded users hitting 28.7 million and Gold subscribers at 5.2 million.
Robinhood Q3 Revenue Hits $1.42B as Crypto Revenue Plunges 55% YoY
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