Robinhood Q3: Revenue Hits $1.42B as Crypto Income Falls 55%

Robinhood reported Q3 revenue of $1.42 billion, but crypto income fell 55% year over year. Total platform assets reached $396 billion, helped by net deposits and higher equity valuations that partly offset lower crypto valuations. The crypto revenue drop signals softer retail trading activity, a read-through for exchanges and brokers tied to digital-asset volumes.