Robinhood Q3 revenue rises 12% to $1.42B as event contracts offset crypto slump

Robinhood reported third-quarter revenue of $1.42 billion, up 12% year over year and in line with Wall Street estimates. Transaction-based revenue grew 19% to $867 million on a more than 500% jump in event contracts and 31% growth in options, while crypto revenue fell 55% to $120 million. Shares fell 3% in after-hours trading.

• Revenue reached $1.42B, up 12% year over year
• Event contracts revenue grew more than 500%
• Crypto revenue fell 55% to $120 million
• Net deposits totaled $15.7B for the quarter