Robinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event betting

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. Make 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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