A certain whale shorted after Robinhood's earnings report, with a position size of $3.57 million.

BlockBeats news, October 28 - Robinhood has released its third-quarter earnings report. The company's revenue hit a record high but slightly missed market expectations; diluted earnings per share (EPS) also fell short of expectations.

After the earnings release, a whale continued to add to short positions in HOOD, net selling approximately $2.392 million during the period, with the short position increasing to 40,927.344 shares. As of press time, the account's short position is worth about $3.5781 million, with an average price of $89.35, and unrealized profit of about $78,000. During the same period, HOOD perpetual contracts on Hyperliquid fell from about $95.71 before the earnings release to $87.42, a decline of about 8.66%.

The earnings data shows that its business structure has also diverged. Prediction market revenue increased to $173 million, more than six times year-over-year; crypto trading revenue rebounded 20% quarter-over-quarter to $120 million, but still fell 55% year-over-year.