The Dogecoin Effect: Robinhood (HOOD) Stock Plunges 11% on Disappointing Results as Crypto Trading Revenue Plummets, Expects Headwind to Continue in Q4; Analyst Lower PTs
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Go back to The Dogecoin Effect: Robinhood (HOOD) Stock Plunges 11% on Disappointing Results as Crypto Trading Revenue Plummets, Expects Headwind to Continue in Q4; Analyst Lower PTs
October 26, 2021 4:03 PM EDT
MENLO PARK, Calif., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the third quarter ended September 30, 2021.
Total net revenues increased 35% to $365 million, compared with $270 million in the third quarter of 2020.Transaction-based revenues increased 32% to $267 million, compared with $202 million in the third quarter of 2020. Options increased 29% to $164Â million, compared with $127 million in the third quarter of...
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