---
symbol: "HOOD"
name: "Robinhood"
date: 2026-10-28
change_pct: -6.930862011965584
direction: "down"
event_type: "earnings"
url: "https://perplo.app/why/HOOD/2026-10-28"
updated_at: 2026-10-28T01:07:25.746Z
---

# Why Robinhood (HOOD) fell 6.93% on October 28, 2026

Robinhood (HOOD) fell 6.93% on October 28, 2026 — Robinhood slides after Q3 profit miss.

## What happened

Robinhood reported record Q3 revenue of about $1.4B, but profit fell short of Wall Street targets. Prediction markets earned more than crypto did, which shifted the mix toward a newer business line.

## Why it moved

A revenue record that does not convert into profit tells investors the cost base or the margin mix is not yet working, so the stock sold off into the report.

## Why it matters

This falls within the Crypto Stocks theme, where Robinhood's trading volumes and monetization have long been a bellwether for retail risk appetite.

## What would break the thesis

The thesis recovers if management raises guidance or shows that the revenue mix can convert into stronger margins in coming quarters.

## Sources

- [Robinhood Falls Short on Profit Despite Record Revenue, With Prediction Markets Outearning Crypto](https://finnhub.io/api/news?id=22a96542397630bc3fcb0d08f424a202d0d55775f5e4c51a5908f1784207d01c) — Yahoo
- [Robinhood Q3 2026 slides: record revenue of $1.4B, stock drops 7%](https://www.investing.com/news/company-news/robinhood-q3-2026-slides-record-revenue-of-14b-stock-drops-7-93CH-4977239) — Investing.com
- [HOOD Stock Drops 5% After-Hours: Robinhood’s Q3 Revenue Climbs On Prediction Markets, But Misses Wall Street Targets](https://finnhub.io/api/news?id=ca5aa72680539ddeaf7763fd98d0e94ea6e899da87a36f28355290708a69ccf8) — Yahoo

---

Trade HOOD perpetual futures 24/7 onchain: https://perplo.app/asset/HOOD