Robinhood posts record $1.42 billion Q3 revenue, but EPS misses as crypto revenue falls 55%

Robinhood reported record Q3 revenue of $1.42 billion, although EPS missed expectations due to a 55% decline in crypto revenue. Despite this drop, platform assets grew 19%, reaching $396 billion. These results demonstrate revenue diversification and resilience amid shifting retail investor behavior. While the growth in assets shows adaptability, the significant fall in crypto earnings highlights specific vulnerabilities that have impacted market dynamics and investor confidence during this financial period for the company.