Robinhood Posts Record Quarter as Crypto Revenue Falls 38%

Robinhood puts up record revenue as volatility drives a trading bonanza

Prediction-market revenues on the popular trading app increased tenfold during the second quarter.

Robinhood: A Decent Q2 Despite Crypto Flop (NASDAQ:HOOD)

Robinhood Markets, Inc. Q2 earnings: record revenue, but one-offs and speculative retail trading drive results. Click for more on the HOOD results.

Robinhood Posts Record Quarter as Crypto Revenue Falls 38%

Robinhood reported record second-quarter revenue and earnings, while cryptocurrency transaction revenue fell 38% despite continued expansion through Bitstamp, Robinhood Chain and tokenized stocks.

Robinhood Stock Climbs After Q2 Report Shows Record Revenues and More - Robinhood Markets (NASDAQ:HOOD)

Here's a detailed look inside Robinhood Markets' Q2 earnings report.

Robinhood's Prediction Markets Surpass Crypto Revenue for First Time

Robinhood's prediction market business has officially outgrown its crypto division.The brokerage reported $156 million in prediction market revenue for the second quarter, according to its earnings release Wednesday — compared with $100 million from crypto, a 38% year-over-year decline. It marks the first time prediction markets have generated more revenue than crypto since Robinhood launched event contracts.Prediction market volume climbed to 1…

Crypto News: Robinhood Q2 Revenue Jumps 32% To $1.31 Billion

The post Crypto News: Robinhood Q2 Revenue Jumps 32% To $1.31 Billion appeared first on Coinpedia Fintech News Robinhood delivered its strongest quarter yet, posting record Q2 revenue of $1.31 billion, up 32% year-over-year, while net income climbed 48% to $573 million and earnings per share reached $0.62 as per the report. But the biggest surprise wasn’t the record revenue, it was the company’s shifting business model. Event Contracts Steal the…