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The new addition to the S&P 500 is its top-performing member in 2025.

Robinhood Markets reported Q3 results after the close of trading Wednesday that beat analyst expectations, but the stock slipped in after hours trading.

(Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions. I own Robinhood stock as part of our compensation.)

The crypto, options, and stock-trading platform reported:

Adjusted earnings per share of $0.61 vs. consensus estimates of $0.53.

Sales** of $1.274 billion vs. expectations for **$1.21 billion, according to Bloomberg.

Beyond the trading of stocks, options and crypto, color on Robinhood’s prediction markets business will also be in focus during the upcoming conference call. The exchange launched a hub for trading event contracts in partnership with Kalshi earlier this year, and has recently been aggressively bolstering its suite of offerings in the space.

When it was added to the S&P 500 in September, Robinhood leapt to the top of the list of year-to-date gainers. The stock was up more than 280**%** through the end of trading Wednesday.

Lyft slides after reporting earnings miss

Lyft fell after it reported earnings results that missed Wall Street estimates.

The company reported earnings per share of $0.11, compared to the $0.24 analysts polled by FactSet were expecting. The company reported gross bookings of $4.8 billion, slightly more than the $4.7 billion the Street was expecting. It reported revenue of $1.7 billion, in line with analyst expectations.

Its top competitor, Uber, reported revenue numbers on Tuesday that beat expectations, though its stock still took a dip on the news.

Joby posts a deeper-than-expected Q3 loss but its cash pile holds steady

Air taxi maker Joby Aviation reported earnings after the bell on Wednesday, and its shares were roughly flat after the report.

Joby posted a loss per share of $0.48, deeper than the $0.19 loss expected by analysts polled by FactSet.

The company also:

Ended the third quarter with $978.1 million in cash (and cash equivalents), down about 1% from Q2.

Said it’s now 77% complete with the fourth stage of its five-stage certification process, up from 70% in the second quarter.

Earlier this week, reports of a possible delay in Joby’s UAE commercial flight timeline and an IPO by rival Beta Technologies sent its shares lower. In August, Joby announced that it would buy the helicopter ride-share business Blade. About 40,000 passengers flew with Blade in Q3, according to Joby.

AppLovin modestly exceeds sales and earnings expectations in Q3

AppLovin after the adtech company reported top and bottom line results that modestly exceeded expectations, along with guidance for the current quarter that strikes a similar chord.

The Q3 results:

Revenue: $1.41 billion (estimate: $1.34 billion, guidance of $1.33 billion)

Adjusted EBITDA: $1.16 billion (estimate: $1.09 billion, guidance of $1.08 billion)

Q4 guidance:

Revenue: $1.585 billion (estimate: $1.54 billion)

Adjusted EBITDA: $1.315 billion (estimate: $1.27 billion)

Shares are up about 3% in postmarket trading as of 4:15 p.m. ET.

After its Q2 report, CEO Adam Foroughi said that the real “fun”starts this quarter, as the company began to open its self-service ad portal on a referral basis on October 1. Bank of America analyst Omar Dessouky is especially bullish on this channel, expecting the company to book 4,000 large advertisers after the portal becomes fully available for onboards in the first half of 2026.

However, Q4 has not been fun for the adtech company thus far. Shares are down about 15% since the end of September, with the bulk of the decline catalyzed by a report that the SEC is investigating its data collection practices, which was followed by another report indicating that multiple state regulators are also looking into the same matter.

“Legal risk lingers: AppLovin has denied short-seller claims about its Array product, which was later shut down amid possible probes by the SEC and some US state regulators,” wrote Bloomberg Intelligence technology analyst Nathan Naidu ahead of this report. “A related class-action suit filed in March could cost up to $750 million if it proceeds to trial. “

DoorDash dives after earnings miss

DoorDash fell after it reported earnings results that missed Wall Street estimates.

The company reported earnings per share of $0.55, less than the $0.68 analysts polled by FactSet were expecting. It also reported a gross order value — a key metric that measures the total amount spent on the platform — of $25 billion, more than the $24.5 billion the Street was expecting.

DoorDash’s report comes as some of the companies that sell meals delivered through its platform have reported gloomy quarters. Bowl-based restaurants like Chipotle and Cava have been hit particularly hard, which they attribute to cash-strapped younger consumers.

IonQ posts huge sales beat in Q3

IonQ posted a monster top-line beat in the third quarter, along with a smaller loss than analysts had feared.

The results:

Revenue: $39.9 million (estimate: $27 million, guidance for $27 million)

Adjusted earnings per share: -$0.17 (estimate: -$0.31)

Management boosted its full-year revenue outlook to a range of $106 million to $110 million (previously $82 million to $100 million).

Shares initially jumped following the release, but quickly pared all of that advance to trade flat.

The prospect of government support has been a major catalyst for the quantum space in recent months, including the US government deeming the technology an R&D priority, which was followed by a report that the Trump administration was in talks to accumulate equity stakes in IonQ and its peers. That report, however, was quickly contradicted by separate reports.

Over the course of Q3, IonQ signed an agreement with the Department of Energy to advance the development and deployment of quantum technology in space, and also announced plans to acquire quantum sensor company Vector Atomic. It carried some of this momentum through early in Q4, claiming a “quantum computing world record” for the accuracy of its two-qubit gate model.

Shares of the trapped ion pure-play quantum computing company peaked at nearly $85 in mid-October, but slumped into the mid-$50s ahead of this report as part of a broad pullback across many speculative pockets of the market.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.