Robinhood shares fell by 12.4% after the release of the third-quarter report, missing Wall Street expectations. 📉
- Cryptocurrency trading volumes increased by 112% year over year, revenue from cryptocurrencies rose by 165%.
- Despite this, revenue of $637 million and net income of $150 million fell short of forecasts.
- Shares dropped by 12.4% in after-hours trading.
Although cryptocurrency trading metrics improved, they significantly declined compared to previous quarters.