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Robinhood Stock Rises Despite 47% Crypto Revenue Drop on Event Betting Boom
28.04.2026 23:48
Robinhood Markets Inc. (NASDAQ: HOOD) reported a 47% decline in cryptocurrency revenue for the latest quarter, yet its stock price remained resilient. The drop in digital asset trading income was offset by a massive surge in event-based betting contracts, which drove overall revenue growth. Analysts highlight that the company's diversification into prediction markets and event contracts is paying off, reducing reliance on volatile crypto trading volumes. The stock's ability to shrug off the crypto revenue crash underscores investor confidence in Robinhood's broader business strategy and its pivot toward alternative revenue streams.
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