Robinhood posts record revenue but misses on earnings as crypto slows

Markets are digesting a clear Earnings, Fintech, Crypto catalyst titled "Robinhood posts record revenue but misses on earnings as crypto slows". Robinhood has posted third-quarter revenue of about $1.42 billion, which is up 12% year over year, while net deposits have reached $16 billion and Gold subscribers have hit a record 5.2 million.

Robinhood is a liquid proxy for retail trading appetite and fintech multiples, so a record top line that still misses on EPS can reprice peers the same way PayPal's muted post-beat reaction did earlier in the session. HOOD holders and payment and crypto-exposed brokers tend to move together when investors debate whether volume growth or EPS quality drives the next leg. Robinhood is a volume-versus-quality test for fintech, and if after-hours selling sticks, the market is demanding clean EPS rather than deposit growth alone. The constructive case is that prediction markets and options mix keep revenue diversifying while crypto revives. Repeated EPS misses on softer crypto can compress multiples across retail brokers. After-hours and Wednesday cash follow-through versus PayPal's template.