Robinhood revenue grows despite crypto decline

Robinhood reported a 15% increase in total revenue to $1.07 billion for Q1 2026, driven by a significant surge in event betting and prediction markets. This growth helped offset a substantial 47% drop in cryptocurrency revenue, which fell to $134 million as user activity shifted. The company saw strong performance in net interest income and subscription services like Robinhood Gold, indicating a successful diversification strategy. Despite missing earnings per share estimates slightly, the results highlight Robinhood's efforts to reduce its reliance on volatile crypto trading and build a more stable financial ecosystem.