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00:02Robinhood Markets reported third-quarter adjusted earnings of $0.60 per share,
00:07beating estimates of $0.56, according to data from Benzinga Pro.
00:12Revenue rose 12% year-over-year to a quarterly record $1.424 billion,
00:18topping expectations of $1.422 billion.
00:22Transaction-based revenue increased 19% to $867 million,
00:26driven by growth and event contracts, options, and equities,
00:30while cryptocurrency revenue fell 55%.
00:32Other revenue rose 61% year-over-year to $142 million,
00:37primarily driven by Trump account service revenues
00:39and increased Robinhood gold subscription revenues.
00:43The company narrowed its 2026 adjusted operating expenses
00:46and share-based compensation outlook to $2.675 billion
00:51to $2.75 billion, citing efficiency gains.
00:55Shares fell 3.8% to $90.95 in After Hours Trading Tuesday.
00:59For all things money, visit Benzinga.com.
