Robinhood Q3: revenue of $365M, up 35% YoY but missing estimates of $431.5M due to less crypto trading, net loss of $1.32B, up from $11M YoY; stock down 8%+ (Maggie Fitzgerald/CNBC)

Maggie Fitzgerald / CNBC:
Robinhood Q3: revenue of $365M, up 35% YoY but missing estimates of $431.5M due to less crypto trading, net loss of $1.32B, up from $11M YoY; stock down 8%+  —  Stock trading app Robinhood reported a huge revenue miss in the third quarter as cryptocurrency trading dropped off.

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https://ift.tt/3vLtMgm October 27, 2021 at 01:59AM https://ift.tt/gaIxo5