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A whale Robinhood shorted after the earnings report, with the position reaching 3570000 USD BlockBeats reported that October 28,Robinhood has released its third-quarter earnings report. The company's revenue reached a record high but was slightly below market expectations; diluted earnings per share (EPS) was also below expectations.

After the earnings report was released, a whale continued adding to its short position in HOOD,with net sales of approximately 2392000 USD, increasing the short position to 40,927.344 contracts. As of press time, the account's short position was worth approximately 3578100 USD, at an average price of 89.35 USD, with unrealized gains of approximately 78000 USD. During the same period, the HOOD perpetual contract on Hyperliquid fell from approximately 95.71 USD before the earnings report was released to 87.42 USD, a decline of approximately 8.66%.

The earnings report showed that its business mix had also diverged. Revenue from prediction markets increased to 173000000 USD, up more than sixfold year on year; crypto trading revenue rebounded 20%quarter on quarter to 120000000 USD, but was still down 55%year on year.

Original link https://m.theblockbeats.info/flash/374069