Should You Play Robinhood With ETF Approach Post Q3 Miss?

Robinhood reported weaker-than-expected Q3 earnings with EPS falling 16% to 51 cents, missing estimates of 56 cents. While transaction revenues grew 19% to $867 million driven by record trading volumes, the company faced headwinds from declining interest income (down 9%), rising operating expenses (up 16%), and a sharp 55% drop in crypto trading revenues. The stock fell 8% on the results and is down 15% year-to-date.