Robinhood Q3 earnings

Business · Heat 4.4 / 10 · 3 shows · 14m airtime

Robinhood reports third-quarter 2026 results on October 27, with analysts expecting $1.4 billion in total revenue, up double digits year over year. Last quarter the company made more from event contracts than from crypto, and event contracts revenue rose sixfold year over year while crypto notional volume fell about 38%. Reporting since puts event contracts at roughly a $500 million run rate, larger than the crypto run rate. The stock is down double digits in October, so the debate is whether event contracts can keep offsetting slower crypto revenue as competition heats up.

How 3 podcasts covered it

1. Closing Bell, 2026-10-27 (41:55 to 43:11)
   Previews earnings minutes before the release
   Previews Robinhood's earnings minutes before the release: the $1.4 billion revenue consensus, prediction markets and event contracts as the growth story, and a stock down double digits in October. A setup segment, not a result.
   New angle: Last quarter Robinhood made more from event contracts than from crypto.
2. The Compound and Friends, 2026-10-27 (56:35 to 58:23)
   Reveals Robinhood as the mystery chart
   Reveals Robinhood as the mystery chart on its earnings day and argues about the stock rather than the numbers: Josh wants to flip bullish on the business but hates how much crypto matters to the story, and the chart looks ugly.
3. The Information's TITV, 2026-10-28 (1:29 to 12:28)
   Interviews the CFO on event contracts outpacing crypto
   Interviews Robinhood CFO Shiv Verma on the Q3 print: 12% revenue growth, event contracts up six-fold, crypto down 55%. Verma details dynamic event-contract pricing, margin ranking across equities, crypto and event contracts, and the in-app AI agents with their guardrails.
   New angle: Event contracts now run at about a $500 million run rate, larger than Robinhood's crypto run rate.