Based on Forklog, Robinhood's third-quarter crypto trading revenue rose over 300% to $268 million, but still fell short of expectations. Total revenue for the quarter reached $1.27 billion, up 100% year-over-year, with a net profit of $556 million. However, the company's stock dropped nearly 11% following the earnings report. JPMorgan analysts noted that the positive results were largely driven by tax benefits rather than operational strength, and crypto trading volume was below expectations. Meanwhile, Robinhood is actively exploring the inclusion of Bitcoin on its balance sheet.
Robinhood's Crypto Trading Revenue Grows 300% but Fails to Meet Expectations
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