Robinhood Markets Q3 Earnings Release: Prediction Market Revenue Surges Over 6x
HOOD Robinhood Markets Inc
$83.32 +2.98%
View chart & analysis → - 1Robinhood Markets' adjusted earnings per share of $0.51 for the third quarter fell below the analyst consensus estimate of $0.56.
- 2Robinhood Markets' third-quarter revenue of $1.42 billion fell below the analyst consensus estimate of $1.43 billion.
- 3Prediction market revenue recorded $173 million, increasing more than 6x compared to the previous year.
So what's the key point?
Robinhood Markets' third-quarter earnings and revenue were lower than what experts expected. However, prediction market revenue grew more than 6x to reach $173 million.
Source The Motley Fool +1 · View original ↗
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