Robinhood (HOOD) Reports Strong Q3 Growth Driven by 300% Rise in Crypto Sales

TLDR Robinhood reported $1.2 billion in revenue for the third quarter, nearly doubling from the same period last year. The company earned $0.61 per share and $556 million in profits, surpassing analyst expectations. Crypto transaction revenue increased more than 300% year-over-year, reaching $268 million. Transaction-based income totaled $730 million, slightly below forecasts but supported by [...]

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