Robinhood Revenue Rises 15% as Prediction-Market Betting Offsets Crypto Slump

Robinhood previously relied on crypto trading booms to drive growth, but the resulting revenue is highly exposed to market cycles. As the company expands into prediction markets through event contracts, investors are watching whether the new business can reduce its dependence on a single volatile asset class and support transaction revenue and overall operating performance.

Robinhood’s revenue rose 15% year over year to $1.07 billion in the first quarter of 2026, while crypto transaction revenue fell 47% to $134 million. However, a surge in demand for event-contract wagers lifted overall transaction revenue, helping offset the impact of the sharp decline in its crypto business.