Key facts
- Third-quarter profit was $476 million, or 51 cents per share.
- Year-ago profit was $556 million, or 61 cents per share.
- Slower cryptocurrency trading weighed on results.
Robinhood Markets reported a decrease in third-quarter profit on Tuesday, as slower cryptocurrency trading activity impacted the company's financial results. Despite the drag from crypto, robust trading across other asset classes was noted. The Menlo Park, California-based company posted a profit of $476 million, or 51 cents per share, for the three months ended September 30, compared with $556 million, or 61 cents per share, in the same period a year earlier.