Robinhood’s third-quarter trading revenue surged 129% year-over-year to $730 million, primarily driven by crypto trading, which jumped over 300% to $268 million.
Total Q3 revenue hit $1.27 billion, surpassing Wall Street’s $1.19 billion estimate, while earnings per share reached $0.61 versus expectations of $0.53.
Options trading contributed $304 million, and equities brought in $86 million. CFO Jason Warnick said Robinhood achieved “another strong quarter of profitable growth,” highlighting its new Bitstamp and Prediction Markets divisions, each generating over $100 million annually.
Funded accounts grew to a record 26.8 million, while total assets climbed 120% to $333 billion. Robinhood’s crypto expansion includes its Bitstamp acquisition, EU stock tokens with Arbitrum, and a $179 million purchase of WonderFi in Canada.
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