Robinhood generated net revenue of $1.42 billion in the third quarter, up 12% year over year and in line with expectations. Transaction-based revenue rose 19% to $867 million, driven by options, which generated $399 million, and event contracts, whose revenue more than sextupled to $173 million. By contrast, crypto revenue fell 55% to $120 million following a 38% decline in trading volumes, while net income dropped 14% to $476 million. Shares declined roughly 3% after hours as transaction revenue came in slightly below StreetAccount estimates. Meanwhile, Robinhood Gold reached 5.2 million subscribers and platform assets stood at $396 billion.
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