Robinhood reported total net revenue of $1.42 billion in the third quarter, up 12% year over year, driven by options, equities and event contracts. Its adjusted EBITDA rose 9% to $808 million despite a 55% decline in digital asset trading revenue, which fell to $120 million. Net deposits reached $16 billion, funded customers totaled 28.7 million and platform assets climbed to $396 billion. Robinhood Gold subscriptions hit a record 5.2 million, up 34%, while diluted earnings per share fell 16% to $0.51.
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