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

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

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailRobinhood stock shrugs off a 47% crash in crypto revenue thanks to a massive surge in event bettingWhile 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 Crawley Apr 28, 2026, 8:28 p.m. Make preferred on What to know: Robinhood’s first-quarter 2026 total revenue rose 15 percent to $1.07 billion, while adjusted earnings per share edged up to 38 cents from 37 cents a year earlier.Crypto-related revenue dropped 47 percent to $134 million as customer activity shifted toward other products, including a surge in event contracts that helped lift transaction-based revenue to $623 million.The compa

Source: 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