[US Stock Market Alert] Robinhood Markets plummeted on October 30: Binance hacked, earnings missed expectations, and crypto income declined

Robinhood Markets October 30th Major Drop Analysis

Keywords: Binance theft, earnings miss, crypto revenue decline

1. On October 27th, the company announced its Q3 2026 results: adjusted EPS of $0.60 missed the expected $0.64, revenue of $1.42 billion was about $10 million below estimates, GAAP EPS was $0.51, also below expectations, and net profit fell 14% year-on-year. Cryptocurrency trading revenue fell 55% year-on-year to $120 million, trading volume dropped 38%, funded customer accounts reached 28.6 million, below expectations, and no full-year operating expense guidance was provided.

2. On October 30th, Barclays lowered its price target from $132 to $115, and the pre-market share price dropped 6.2%. On October 29th, Rothschild & Co Redburn reduced its target from $85 to $80.

3. After hours on October 29th, Binance disclosed a security incident involving about $6.3 billion and suspended deposits and withdrawals. On October 30th, Bitcoin and Ethereum both fell more than 3%, crypto-related stocks collectively declined, and Robinhood dropped approximately 5% intraday.

(Disclaimer: This content is compiled by AI from publicly available information and is for reference only. It does not constitute investment advice.)