Robinhood reported crypto revenue of $120 million in Q3, up from $100 million in Q2 but down 55% compared to the same period a year earlier. The sequential rebound in crypto activity came alongside record total revenue of $1.42 billion for the quarter.
Diluted earnings per share came in at $0.51, falling short of analyst forecasts.
Robinhood Crypto Revenue Rises to $120M in Q3, Down 55% Year-Over-Year; Total Revenue Hits Record $1.42B
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