Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting
Robinhood's stock fell 8% after the company reported a significant earnings miss due to a 47% decline in crypto trading revenue. Despite this drop, overall revenue increased by 15% to $1.07 billion, driven by a surge in event betting. CEO Vlad Tenev emphasized a shift in focus from crypto trading to broader financial services.
- ▪Robinhood's crypto revenue dropped 47% to $134 million, impacting overall earnings.
- ▪The company's total revenue rose 15% year-over-year to $1.07 billion, but still fell short of expectations.
- ▪Event contracts contributed to a 320% increase in other transaction revenue, reaching $147 million.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRobinhood stock falls 8% after big earnings miss due to weak crypto trading revenueWhile the trading platform’s crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue up 15% to $1.07 billion.By Helene Braun|Edited by Jamie CrawleyUpdated Apr 28, 2026, 10:56 p.m. Published Apr 28, 2026, 8:28 p.m. 2 min readMake preferred on What to know: Robinhood missed its first-quarter 2026 total revenue and adjusted earnings per share due to a drop in crypto trading.
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