Robinhood posts $808 million in Q3 adjusted EBITDA as crypto revenue falls 55%

Options, equities and event contracts carried the quarter while record Gold subscriptions and $16 billion in net deposits pointed to a broader business Robinhood reported third-quarter adjusted EBITDA of $808 million, a result that came in above estimates. It is a solid number from a company that once looked like a meme-stock app with a crypto side hustle. The headline figure tells only half the story. Crypto revenue fell 55% from a year earlier, yet the company still grew. Robinhood is no longer leaning on any single product to pay the bills.