HOOD’s prediction markets to add $1.7B to revenue, exceed crypto by 2028: Bernstein
Summary
Bernstein analysts forecast Robinhood’s prediction-market business could generate $1.7 billion in revenue by 2028, exceeding projected crypto revenue of $1.6 billion. They estimate prediction-market revenue will grow from about $650 million this year and represent roughly 18% of Robinhood’s projected $9.4 billion total revenue in 2028. The forecast accompanies expectations for 13% quarter-over-quarter growth in third-quarter revenue to around $1.5 billion, supported by trading volumes and a crypto recovery. Bernstein raised revenue estimates for 2026–2028 but kept its $160 price target unchanged.
