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But we saved everything 🙂.
Tradeview reported that Robinhood's Q3 revenue increased 12% year-over-year to $1.42 billion, while diluted EPS declined 16% to $0.51, falling short of analyst expectations. Crypto transaction revenue dropped 55%, event-contract revenue rose significantly, and shares decreased 4.2% after hours.
According to Tradeview's report, Robinhood posted a 12% year-over-year increase in Q3 revenue, reaching $1.42 billion. However, diluted earnings per share declined by 16% to $0.51, which was below the analyst consensus of $0.55 as reported by LSEG. The details also note a significant decrease of 55% in crypto transaction revenue to $120 million. In contrast, event-contract revenue rose more than sixfold during the period. Following the announcement, Robinhood's shares dropped by 4.2% in after-hours trading.
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Tradeview Markets is an ECN and CFD broker with over 100,000 clients, offering access to 5 asset classes and more than 100 trading instruments. The broker provides five types of trading terminals, including the cTrader Copy service, and requires a minimum deposit of $100. For more details, see the broker profile on Traders Union: full review on Traders Union.
For context, the previous Tradeview update on Traders Union highlighted the launch of the EDGE Instant Liquidity Connector, which aims to bring transparent pricing and improved execution to MT4 and MT5 traders. To learn more, see the earlier news about Tradeview.