Robinhood's New Chain Lifts Crypto Revenue Despite Q3 Profit Miss

Crypto revenue climbed 20% from Q2 on the back of Robinhood's L2, while prediction markets outearned crypto again and EPS fell short of estimates. Robinhood’s crypto business finally bounced back last quarter, and its own Ethereum Layer 2 deserves much of the credit. Per the brokerage’s Q3 2026 results , released Tuesday (Oct. 27th), crypto revenue came in at $120M, down 55% YoY but up 20% from Q2’s $100M as Robinhood Chain wrapped its debut quarter on mainnet.