Robinhood Markets missed Wall Street profit expectations for Q3 2026, reporting earnings per share of $0.51 against estimates of $0.55 despite record total revenue of $1.42 billion. A 55% year-over-year drop in crypto revenue to $120 million and higher operating expenses weighed on results, prompting an after-hours stock decline. However, rapid growth in event contracts, which generated $173 million, and $26 million in fees from the newly launched Robinhood Chain helped cushion the slump.
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