Robinhood Shares Falls 4% as Crypto Revenue Plunges 55% YoY to $120M

Robinhood reports record quarterly revenue of $1.42 billion, but crypto revenue falls 55% to $120 million as prediction markets overtake crypto trading income. Robinhood Markets shares fell in after-hours trading on Tuesday after the trading platform reported a 55% year-over-year decline in cryptocurrency revenue, even as its overall revenue reached a quarterly record of $1.42 billion. The company generated $120 million from cryptocurrency transactions in the third quarter of 2026, down from $268 million in the same period last year.