Robinhood Reports Q2 Earnings Beat Driven by Record Prediction Markets Revenue
Robinhood Markets reported second-quarter earnings that exceeded Wall Street expectations, driven primarily by record trading volumes in equities, options, and prediction markets. Total net revenues rose 32% year-over-year to $1.31 billion, with adjusted earnings per share at 48 cents compared to the expected 44 cents. Prediction market revenue surged over tenfold from a year ago to $156 million. Despite strong overall performance, cryptocurrency trading declined by 38%, contributing only $100 million in revenue for the quarter as digital asset activity cooled. Other areas such as net interest income and subscription services also saw growth, with total platform assets reaching $369 billion year-over-year.
Tickers: $HOOD
Topics: crypto decline prediction markets revenue growth Robinhood