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Robinhood now counts 14 businesses topping $100 million in annualized revenue
Rothera passed $100 million in annualized revenue in its first full quarter, with more than 6.4 billion contracts traded since launch.
Robinhood now has 14 businesses generating at least $100 million in annualized revenue, the company said in its third-quarter results. Rothera crossed the mark in its first full quarter, with more than 6.4 billion contracts traded since launch.
Several newer products are scaling. Robinhood Gold reached a record 5.2 million subscribers, up 34%. The Robinhood Gold Card has 1.3 million customers and more than $19 billion in annualized payment volume, and Robinhood Chain processed more than $80 billion in DEX volume in its first quarter on mainnet.
Diversification cushions trading swings
Total net revenue rose 12% to $1.42 billion. Event contracts revenue grew more than sixfold to $173 million, while crypto revenue fell 55%. Chief Executive Officer Vlad Tenev said the company’s vision is “to make everyone an owner.”