Robinhood’s Crypto Trading Revenue Soared 339% in Q3 as Company Tops Street Earnings Estimates

Robinhood (HOOD) on Wednesday reported a 339% year-over-year increase in third-quarter crypto trading revenue, extending momentum from earlier this year as the trading app leans deeper into digital assets and global markets. The company handled $80 billion in crypto trading volume during the quarter, posting $268 million in crypto-related revenue, up from $61 million in the same quarter last year. Adjusted earnings per share (EPS) came in at $0.61 against Street estimates for $0.53; total net revenue reac ...