Core Insights - Robinhood reported third-quarter earnings and revenue that exceeded expectations, with adjusted earnings of 61 cents per share and record revenue of $1.27 billion, representing a 100% increase year-over-year [3][6] - Despite strong overall results, transaction-based revenue of $730 million fell short of the projected $743 million, although it still marked a 129% increase from the previous year [3][6] - The stock experienced a decline of approximately 1% in after-hours trading, having dropped as much as 5% immediately following the earnings report [3][4] Financial Performance - The company achieved record revenue of $1.27 billion, up 100% from the previous year, driven by significant increases in transaction-based revenue [3][6] - Transaction-based revenue was boosted by cryptocurrencies revenue of $268 million, options revenue of $304 million, and equities revenue of $86 million [3][6] - Analysts expect Robinhood to report adjusted earnings of $1.79 per share on revenue of $4.34 billion for the full year, including $2.6 billion in transaction revenue [8] Business Developments - The company is expanding its product offerings, with new business lines such as Prediction Markets and Bitstamp generating approximately $100 million or more in annualized revenue [7] - Robinhood is positioning itself as a comprehensive consumer financial services platform, with plans to expand its prediction markets product internationally [9] - The current fourth quarter is reportedly off to a strong start, with record monthly trading volumes across various segments [7] Management Changes - CFO Jason Warnick will retire next year, transitioning to a strategic advisor role, while Shiv Verma, a long-time finance veteran at Robinhood, will take over as the new CFO [10]