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Robinhood Revenue Up, Earnings Miss

Robinhood reported third-quarter revenue of $1.42 billion, up from $1.43 billion expected, with earnings per share at $0.51, short of the $0.55 expected. The company's crypto trading revenue rose to $120 million from $100 million in the previous quarter, and event contracts revenue grew to $173 million, up from $156 million. Adjusted earnings per share were $0.60, down 3% from a year ago.

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