Robinhood quarterly revenue rises 12% as event contracts, options offset crypto slump

Robinhood reported third-quarter revenue that met expectations as the company's expansion into options, predictions markets and other financial services helped its top-line growth. However, shares fell 3% in after-hours trading as total transaction revenue was still shy of Wall Street estimates from StreetAccount. Here's how the brokerage performed in its quarter ended Sept. 30, compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Revenue represented a 12% increase from the same quarter last year. It wasn't immediately clear if Robinhood's earnings estimates were comparable with LSEG figures.