Robinhood Stock Slides as Crypto Revenue Crashes 55% in Q3

Key Insights Robinhood stock closed at $91.42 on Oct. 28, declining 3.32% after its third-quarter earnings. Cryptocurrency revenue plunged 55% to $120 million, despite total revenue increasing 12% to $1.42 billion. Operating expenses increased 16%, while Robinhood expanded prediction markets and agentic trading. Robinhood stock declined after the company reported a 55% drop in cryptocurrency transaction revenue during the third quarter. HOOD closed at $91.42 on Oct. 28, losing 3.32% despite record overall revenue. The results highlighted weakening crypto trading activity and rising operating expenses. However, options trading and prediction markets helped offset the cryptocurrency business decline.