Robinhood Reports Record Revenue Amid Growth in Prediction Markets and Robinhood Chain
Robinhood reported second-quarter earnings with revenue of $1.31 billion, up 32% year-over-year and exceeding expectations. The company's net income rose to $573 million from $386 million a year ago as platform assets grew to $369 billion. Despite declining crypto trading volumes and revenues—down 38% quarter-over-quarter—the firm is expanding into prediction markets, with event contracts generating $156 million in revenue (up over tenfold). Robinhood also launched the public mainnet for Robinhood Chain on July 1, a blockchain designed for real-world assets. The company highlighted strong performance from its new products: Rothera, a CFTC-licensed prediction markets exchange joint venture with Susquehanna International Group; and agentic trading, which allows AI agents to execute trades automatically. Crypto revenue dropped due to lower volumes on both Robinhood's app ($18 billion) and Bitstamp ($22 billion), but the company remains committed to its blockchain strategy. Net deposits reached a record $21.7 billion in Q2.
Tickers: $HOOD
Topics: crypto trading prediction markets Q2 earnings revenue growth Robinhood