In brief

Robinhood reported record third-quarter revenue of $1.42 billion, slightly below the roughly $1.43 billion expected, and earnings of $0.51 per share versus $0.55 expected.

Event contracts revenue rose to $173 million from $156 million in the second quarter, and crypto revenue rose to $120 million from $100 million but fell 55% from a year earlier.

Robinhood trimmed the top of its 2026 cost guidance to a range of $2.675 billion to $2.75 billion, and shares slipped in after-hours trading.

Robinhood, the trading app where more than 28 million people keep money to buy stocks and crypto and now bet on sports and elections, reported third-quarter revenue of $1.42 billion billion on Tuesday, missing the roughly $1.43 billion Wall Street expected

Earnings came in at $0.51 per share, missing the $0.55 analysts projected and down from $0.61 a year ago.…