Update
Robinhood Reports Record $1.4B Revenue
Robinhood reported a record $1.4 billion in total net revenue for the third quarter, up 12% year over year. Transaction-based revenue rose 19% to $867 million, supported by options, equities, and event contracts. Cryptocurrency revenue fell 55% to $120 million, while event-contract revenue grew more than sixfold to $173 million. Net income fell 14% year over year to $476 million, including $67 million in unrealized losses from Robinhood Ventures Fund I.