Robinhood’s Rally Extends as Profits Jump and New Bets on Prediction Markets Take Hold

Overview

• Shares are up more than 200% year to date and recently traded near $131.95, giving Robinhood a market value around $127 billion and a trailing price-to-earnings ratio near 58.
• Third-quarter revenue doubled year over year to $1.27 billion and net income rose 271% to $556 million, with transaction-based revenue up 129% and net interest income up 66%.
• Robinhood is scaling a prediction-markets push through a joint venture with Susquehanna that would give it 90% of LedgerX, drawing more than 1 million customers who traded over 9 billion event contracts in the past year, though the product faces legal pushback.
• Crypto-linked activity remains a swing factor for the stock, which recently dipped alongside digital-asset declines, and combined crypto trading volume reached $80 billion in the latest quarter.
• Scale continues to build with nearly 27 million funded accounts and over $300 billion in customer assets, while retirement assets under custody grew 144% and margin balances increased 153% to $13.9 billion.