Program and guest
A Fox Business Claman Countdown interview with Robinhood CEO Vlad Tenev. Original English title: Robinhood CEO reveals company’s BIG plans for prediction markets and super app. Subtitles cover the full video (8:27); this article covers the entire interview.
Key points
(The following paraphrases the guest’s remarks; timestamp links point to the corresponding locations in the original video.)
- The company posted record third-quarter revenue of 1.42 billion dollars, but earnings per share of 0.51 dollars fell short of Wall Street’s expectation of 0.55 dollars. The biggest weakness was crypto revenue, which plunged 55% year over year to 120 million dollars. 0:25
- The quarter’s “golden goose” was the booming prediction markets business: revenue rose more than sixfold to 173 million dollars, surpassing crypto, and customers traded a record 16.4 billion event contracts. 0:51
- The company’s overall picture is that of a highly diversified financial super app: it already has 14 business lines with annualized revenue above 100 million dollars, and set records in almost every respect this quarter. 1:49
Background and notes
Subtitles cover the full video (8:27); this article covers the entire interview. The views and timestamps are paraphrased from the original subtitles, and each timestamp marks the start of the corresponding passage. For a short interview, only the points available are included, with no padding.