Robinhood's third-quarter revenue rises 12% even as crypto revenue falls

CNBC reports Robinhood's third-quarter revenue rose 12% from a year earlier to $1.42 billion, meeting Wall Street expectations. Options revenue grew 31% and event-contract revenue rose more than 500%, but total transaction revenue missed analysts' estimates as crypto revenue fell. Net income declined to $468 million from $556 million. MarketWatch, citing Robinhood's CFO, reports that traders on the platform bought dips in chip stocks during the quarter.