Robinhood shares fell 4% in after-hours trading as investors digested weaker-than-expected third-quarter earnings despite growth in options trading and prediction markets.
Here’s how the brokerage performed in its quarter ended Sept. 30, compared with Wall Street estimates, based on a survey of analysts by LSEG:
- Earnings per share: 51 cents vs. 56 cents expected
- Revenue: $1.42 billion vs. $1.42 billion expected
Robinhood’s net income fell to $468 million, or 51 cents per share, from $556 million, or 61 cents per share, a year ago. Revenue represented a 12% increase from $1.27 billion in the same quarter last year.
Despite that gain, transaction-based revenue of $867 million came in below Wall Street estimates from StreetAccount of $879…







