Robinhood Misses Q3 Earnings as Crypto Revenue Rises and Prediction Market Bets Grow

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. Earnings per share is profit divided by the number of shares outstanding, and it is the figure investors use to call a quarter a beat or...