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The Marked Chart Wire · Business
Robinhood
The broker's quarterly transaction income rose 19 percent to $867 million. Customer stock trading volume reached a new high of $992 billion, up 53 percent from the prior year.
Part of a series: Robinhood buys Bitcoin and posts record quarterly revenue
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Robinhood
Robinhood reported a third-quarter net loss of $1.43 billion and revenue of $1.24 billion, both missing analyst estimates. Active customers declined to 18.3 million, causing shares to fall over 10 percent in premarket trading.
Robinhood Earnings
Robinhood reported third-quarter net revenue of $1.42 billion, below the $1.44 billion estimate. Earnings per share came in at 51 cents, missing the 56 cent forecast, while crypto revenue reached $120 million.
Robinhood Earnings
Robinhood Markets posted adjusted EBITDA of $808 million, exceeding the $765.5 million estimate. Revenue came in at $1.42 billion, slightly below the $1.44 billion forecast, while net income reached $476 million.
Deals
The firms will integrate Ripple's RLUSD stablecoin and treasury tools across Robinhood's platforms, including Bitstamp. RLUSD is already live on Robinhood Chain, with app availability expected later in 2026.
HotGM
GM will move its stock trading to Nasdaq on November 17. The change aims to highlight its tech focus and may qualify it for the Nasdaq-100 index.
HotGM Hybrids
General Motors will manufacture hybrid versions of three midsize sport utility vehicles at its Lansing Delta Township facility. The automaker is redirecting a $500 million federal grant, previously allocated for electric vehicle production, to support this new manufacturing effort.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.