HOOD Perpetuals Fall 8.66% as Robinhood Q3 Earnings Miss Estimates

Odaily Planet Daily reported that Robinhood released third-quarter results showing record revenue that slightly missed market expectations, with diluted earnings per share also below forecasts. After the release, a large whale continued to short HOOD, net selling about $2.392 million and lifting its short position to 40,927.344 shares. As of publication, the position was valued at roughly $3.5781 million, with an average price of $89.35 and a paper gain of about $78,000. Over the same period, the HOOD perpetual contract on Hyperliquid fell to $87.42 from about $95.71 before the earnings release, a decline of about 8.66%. Robinhood prediction-market revenue rose to $173 million, more than six times the year-earlier level. Crypto trading revenue increased 20% month over month to $120 million but was down 55% year over year.