Robinhood Q3: $16B Net Deposits, 28.7M Customers, $173M Prediction Market Revenue
HOOD sits 38% above its 52-week low of $63.515.
Summary
Robinhood's Q3 detail shows the growth engine broadening beyond crypto. Net deposits hit $16B with 28.7M funded customers, up 1.9M, and ARPU rose 5% to $200. Prediction markets are now a real business: $173M in revenue, over six times year-ago levels, on a record 16.4B event contracts, with the Rothera exchange joint venture with Susquehanna contributing $28M and topping $100M annualized in its first full quarter. Crypto is the weak spot — transaction volume fell 38% last quarter even as non-crypto segments grew. Trading activity was otherwise record-setting: $992B equity notional, 905M options contracts, and roughly 200K new Agentic Trading accounts generating $1.6B in notional volume. This follows the Q3 report filed October 27, which showed record revenue of $1.42B but a 16% drop in GAAP diluted EPS to $0.51 as crypto revenue declined.
At the time of this announcement, HOOD was trading at $87.34 on NASDAQ in the Finance sector, with a market capitalization of approximately $85B. The 52-week trading range was $63.52 to $150.47. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.