Bloomberg Talks Robinhood CEO Vlad Tenev Talks 3Q Earnings, Prediction Markets
Nov 6, 2025
Vlad Tenev, Co-founder and CEO of Robinhood, shares insights into the retail investing platform's recent Q3 earnings, which surprised analysts with a profit but disappointing crypto revenue. He delves into the changing behaviors of customers, particularly how younger users are driving the growth of prediction markets. Tenev discusses Robinhood's plans to evolve into a multi-generational financial super app, focusing on banking and retirement offerings, as well as the company's long-term vision for institutional and international revenue streams.
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Sustained Engagement Powering Growth
- Robinhood saw sustained engagement in October with record deposits and trading revenues across the board.
- Vlad Tenev attributes this to the Robinhood flywheel: more customers, deeper engagement, and more paid subscribers.
Market Share Over Volume
- Robinhood focuses on market share rather than short-term trading volume swings to weather market downturns.
- Tenev cites secular tailwinds like generational wealth transfer and digital-native younger investors as durable growth drivers.
Prediction Markets Extend Engagement
- Prediction markets extend customer engagement beyond traditional market hours into nights and weekends.
- Tenev says this helps Robinhood become a 24/7 platform appealing to digitally native users and beyond.