Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting
Robinhood's stock fell 8% after the company reported a significant earnings miss due to a 47% decline in crypto trading revenue. Despite this drop, overall revenue increased by 15% to $1.07 billion, driven by a surge in event betting. CEO Vlad Tenev emphasized a shift in focus from crypto trading to broader financial services.
- ▪Robinhood's crypto revenue dropped 47% to $134 million, impacting overall earnings.
- ▪The company's total revenue rose 15% year-over-year to $1.07 billion, but still fell short of expectations.
- ▪Event contracts contributed to a 320% increase in other transaction revenue, reaching $147 million.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/markets/2026/04/28/robinhood-stock-shrugs-off-a-47-crash-in-crypto-revenue-thanks-to-a-massive-surge-in-event-betting |
| Publication time | Tue, 28 Apr 2026 20:28:00 +0000 |
| Retrieval time | 2026-04-28T20:44:39.819Z |
| Last seen | 2026-04-28T20:44:39.819Z |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
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| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
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| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRobinhood stock falls 8% after big earnings miss due to weak crypto trading revenueWhile the trading platform’s crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue up 15% to $1.07 billion.By Helene Braun|Edited by Jamie CrawleyUpdated Apr 28, 2026, 10:56 p.m. Published Apr 28, 2026, 8:28 p.m. 2 min readMake preferred on What to know: Robinhood missed its first-quarter 2026 total revenue and adjusted earnings per share due to a drop in crypto trading.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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