Robinhood's Q3 Revenue Hits $1.42B Amid Prediction Market Growth
Robinhood's record revenue was driven by prediction markets but fell short of expectations, with crypto performance remaining subdued.
Robinhood's record revenue was driven by prediction markets but fell short of expectations, with crypto performance remaining subdued. This is an original TLT brief synthesising 2 outlets (TronWeekly, Decrypt), with their figures cross-checked, plus live market data, as of Wed, 28 Oct 2026 13:00:04 UTC.
The surge in prediction markets highlights a growing demand for alternative trading products, while the mixed performance across Robinhood's services underscores the company's ongoing transition in a volatile market environment.
- Robinhood's Q3 revenue reached $1.42 billion, a new record.
- Prediction markets contributed $173 million in event contract sales.
- Earnings per share of $0.51 missed analyst expectations of $0.55.
- Crypto revenue growth remains sluggish compared to last year.
Both TronWeekly and Decrypt report Robinhood's record Q3 revenue of $1.42 billion and $173 million in prediction market sales. They agree that earnings per share of $0.51 fell short of the expected $0.55. However, TronWeekly emphasizes the uneven performance across trading and blockchain services, while Decrypt focuses on the growth of prediction markets and the modest increase in crypto revenue.
- SoFi's Q3 Crypto Revenue Hits $161M Amid Record Growth
- Robinhood's Q3 Revenue Hits $1.42B Amid Prediction Market Growth — this brief
Robinhood's third-quarter revenue reached a record $1.42 billion, driven by strong performance in prediction markets, according to multiple outlets. The company generated $173 million in event contract sales, reflecting growing interest in betting on sports and elections.
Despite the record revenue, Robinhood's earnings per share of $0.51 missed analyst expectations of $0.55, indicating potential challenges in profitability. This suggests that while the company is expanding its revenue streams, it is facing headwinds in converting that growth into bottom-line gains.
The performance of Robinhood's cryptocurrency services remains a mixed bag. While crypto revenue showed a slight increase, it remained well below year-earlier levels, highlighting the company's struggle to regain momentum in the crypto market. This is corroborated by DeFiLlama data showing Robinhood's total value locked (TVL) at $622.62 million, a 3.8% decline over the past week.
The broader market context shows a more positive trend, with the total crypto market cap at $2.79 trillion and 
Bitcoin up 1.82% in the last 24 hours. The Fear & Greed index stands at 51, indicating a neutral market sentiment.
The growth in prediction markets underscores a shift in trading preferences, with users seeking diverse investment opportunities beyond traditional assets. For Robinhood, this presents both an opportunity and a challenge as it navigates the evolving landscape of financial markets.
2 key figures independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Robinhood's Q3 Revenue Hits $1.42B Amid Prediction Marke — questions & answers
What drove Robinhood's record Q3 revenue?
Prediction markets contributed $173 million through event contract sales, driving the record revenue.
Why did Robinhood miss earnings expectations?
Despite record revenue, earnings per share of $0.51 fell short of the expected $0.55, indicating challenges in profitability.
How is Robinhood's crypto business performing?
Crypto revenue increased slightly but remained well below year-earlier levels, reflecting ongoing challenges in the crypto market.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly, Decrypt, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.