[Robinhood's Crypto Trading Revenue Plummets 47% in Q1, Stock Drops 8% After Earnings Miss Expectations] Reported by Golden Finance, on April 29, Robinhood (HOOD) released its Q1 2026 earnings report, showing a significant decline in cryptocurrency trading revenue. Both revenue and earnings per share fell short of market expectations. The report revealed that Robinhood's adjusted earnings per share for Q1 were $0.38, below the market expectation of $0.39. Total revenue grew 15% year-over-year to $1.07 billion, but fell short of analysts' forecast of $1.14 billion. Specifically, cryptocurrency-related revenue dropped 47% year-over-year to $134 million, compared to $252 million in the same period last year. However, driven by a surge in prediction market contract trading, the company's transaction-based revenue still increased to $623 million. Following the earnings report, Robinhood's stock price fell approximately 8% in after-hours trading.