Robinhood's Growth 'Shows No Signs Of Slowing Down'

Benzinga

Robinhood reported record Q3 revenue of $1.27B, doubling year-over-year. Its prediction markets division is nearing a $300M run-rate, now comparable in size to its equities trading business. Analysts raised price targets on stronger crypto activity and upside to 2026 estimates.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Rabodin Markets reported record third quarter revenue of $1.27 billion, up 100% year-over-year,

00:08according to Benzinga. Counteratalyst Brett Knobloch said Rabodin's prediction markets

00:11business is nearing a $300 million run rate, coming its 11th product to surpass $100 million

00:16in annualized revenue within a year of launch. He added that the division is now comparable in

00:21size to Rabodin's equities trading business in order to rebound in crypto trading.

00:25Goldman Sachs raised its target from $170 to $181 and maintained a buy rating,

00:30setting upside to 2026 estimates. Barclays, Mizuho, and Keefe, Britt, and Woods also increased

00:37price targets following a strong quarter. For all things money, visit Benzinga.com.

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