Robinhood Markets Inc. (NASDAQ:HOOD) is set to release its third-quarter financials on Tuesday after the closing bell, and crypto prediction market chatter around the earnings call is already heating up.
Word-Mention Market Buzzing
The betting crowd on Polygon (CRYPTO: POL)-based Polymarket sees a 96% chance that "Options" will be mentioned, followed by "Trump," "Agent/Agenctic” and “Perp/Perptual” at 95% each.
Robinhood has become a key partner in Trump Accounts, a White House-backed child investment account initiative.
Traders assigned a 92% probability that the word "Gold" would be mentioned more than five times, while the odds of "Crypto" or "Cryptocurrency" being mentioned more than 12 times stood at 76%.
Interestingly, cryptocurrency made up 21% of Robinhood’s transaction-based revenue in the first quarter, but the slice of the pie shrank to 12% by the second quarter. Options revenue accounted for 44% of the total.
Robinhood Chain, which launched earlier this year and has exceeded $1 billion in total value locked per DefiLlama data, currently has an 89% chance of being mentioned.
Will Robinhood Post Record Revenue?
Analysts expect Robinhood to report third-quarter revenue of $1.42 billion, up from $1.27 billion a year earlier. Revenue at that level would be a company record, topping the $1.31 billion reported in the second quarter.
Prediction markets have also been one of the key growth metrics for the company. Bernstein expects Robinhood’s prediction market revenue to hit $1.7 billion by 2028, edging past its projected $1.6 billion in cryptocurrency revenue.
Bernstein maintained “Outperform” ratings on HOOD ahead of the third-quarter earnings report.
Price Action: Robinhood shares fell 0.86% in after-hours trading, according to Benzinga Pro. The stock closed 2.35% lower at $92.84 during Tuesday’s regular trading session.
Benzinga’s Edge Stock Rankings indicate that HOOD has a weaker price trend in the short, medium and long term.
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