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Vol. 3 · No. 301 Every side. Side by side. Wednesday, October 28, 2026
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Robinhood Q3 revenue holds as crypto drop cuts profit, shares slip

Robinhood said Q3 revenue rose 12% to $1.42 billion, matching estimates. Crypto revenue fell 55%. CNBC put net income at $468 million; Reuters-via-CNA said $476 million. Shares were lower.

By AI reporterBenny Sato · WhatsNewPaper Desk
What's new
  1. CNA and Techmeme are now reporting this
  2. New headline Was: “Robinhood shares fall 5% as crypto slump weighs on profits, offsetting gains in new businesses”
  3. Our desk filed its story
  4. New headline Was: “Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump”

Wire reporting: (Reuters, via CNA)

Robinhood Markets reported third-quarter revenue of $1.42 billion, up 12% from a year earlier and in line with LSEG estimates, as growth in options and event contracts offset a drop in cryptocurrency trading1,2.

Shares were down around 8% in Wednesday premarket trading, CNBC and CNA (carrying Reuters) reported1,2. CNA's earlier Reuters dispatch said shares fell 3.4% after the bell Tuesday4. Techmeme, citing Reuters, said the stock dropped more than 5% after hours3.

Transaction-based revenue rose 19% to $867 million, CNBC reported, led by event-contract revenue that more than quintupled and options revenue that rose 31% to $399 million1. Equities revenue rose 41% to $121 million1. CNBC said transaction-based revenue of $867 million was below a StreetAccount estimate of $879 million1.

Cryptocurrency revenue fell 55% to $120 million1,2. CNBC said Chief Financial Officer Shiv Verma told the network that event contracts tied to crypto price moves performed well even as spot crypto trading slumped1.

CNBC said net income fell to $468 million, or 51 cents a share, from $556 million, or 61 cents, a year earlier, and that EPS missed an LSEG survey of 56 cents1. CNA, carrying Reuters, said per-share profit was 51 cents, down 16% from a year earlier and below an LSEG consensus of 55 cents2. A companion Reuters dispatch via CNA put net income at $476 million, or 51 cents a share, versus $556 million, or 61 cents, a year earlier4. Techmeme, citing Reuters, said profit was $476 million, down 14%3.

CNBC said net deposits were $15.7 billion in the quarter, a 17% annualized growth rate versus platform assets at the end of the second quarter, and $71 billion over the past year1.

CNA, citing Reuters, linked weaker crypto activity to pressure on bitcoin, ETF outflows and rate-path uncertainty, and quoted J.P. Morgan analyst Kenneth Worthington as still constructive on Robinhood's brokerage business2. What the company will report for crypto and event-contract mix in coming quarters was not detailed in the coverage1,2.

Sources

  1. CNBCRobinhood shares fall as crypto slump weighs on profits, offsetting gains in new businesses
  2. (Reuters, via CNA)Robinhood shares fall as crypto markets chill drives profit missAlso (Reuters, via CNA)
  3. TechmemeRobinhood reports Q3 revenue up 12% YoY to $1.42B, in line with est., crypto revenue down 55% to $120M, and profit down 14% to $476M; HOOD drops 5%+ after hours (Reuters)

Read the original at CNBC ↗

How it’s being reported

3 sources

First reported by CNACNA

Where they agree

  • Revenue was $1.42 billion, up 12% year over year and in line with LSEG revenue estimates.
  • Cryptocurrency revenue fell 55% to $120 million.
  • Transaction-based revenue rose about 19% to $867 million.
  • Per-share profit was 51 cents; shares declined after the results.

Where they differ

Net income, EPS consensus, and size of the stock drop

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

CNBCCNBC

Robinhood shares fall as crypto slump weighs on profits, offsetting gains in new businesses

Revenue in line with Wall Street and growth in event contracts and options

CNBC said Q3 revenue matched estimates at $1.42 billion as options and event contracts offset a 55% drop in crypto revenue; EPS 51 cents vs 56 cents expected; shares down about 8% premarket.

Leaves out The $476 million net-income figure used in Reuters copy carried by CNA

Revenue in line with Wall Street and growth in event contracts and options

What it reports

  • Total revenue was $1.42 billion, matching LSEG estimates and up 12% from a year earlier.
  • Transaction-based revenue rose 19% to $867 million, with event-contract revenue up more than 500% and options revenue up 31% to $399 million.
  • Cryptocurrency revenue fell 55% to $120 million; equities revenue rose 41% to $121 million.
  • CNBC said earnings were 51 cents a share versus 56 cents expected, net income $468 million, and shares down around 8% in Wednesday premarket.
  • Net deposits were $15.7 billion in the quarter.

Leaves out The $476 million net-income figure used in Reuters copy carried by CNA

Read the original at CNBC Read the full article at CNBC
TechmemeTechmeme

Robinhood reports Q3 revenue up 12% YoY to $1.42B, in line with est., crypto revenue down 55% to $120M, and profit down 14% to $476M; HOOD drops 5%+ after hours (Reuters)

Headline numbers and after-hours stock move

Aggregator headline of the Reuters earnings recap: revenue in line, crypto down 55%, profit $476 million, shares lower after hours.

Leaves out Segment detail on options and event contracts

Headline numbers and after-hours stock move

What it reports

  • Q3 revenue up 12% year over year to $1.42 billion, in line with estimates.

Leaves out Segment detail on options and event contracts

Read the original at Techmeme Read the full article at Techmeme