Robinhood's Event Contract Revenue Tops Crypto and Equities as Q2 Sales Hit a Record $1.31 Billion
Robinhood said second-quarter revenue rose 32% to a record $1.31 billion as options and event contracts offset a sharp drop in crypto sales.
- On Wednesday, Robinhood reported record quarterly revenue of $1.31 billion, beating Wall Street's estimate of $1.26 billion and marking its strongest quarter ever.
- Event contracts generated $156 million in revenue, surpassing the $100 million from Crypto and signaling a strategic shift in Robinhood's business mix away from traditional trading.
- Total platform assets grew to $369 billion from $307 billion, while Robinhood Gold subscribers rose 39% to 4.8 million, demonstrating broad-based customer expansion.
- Despite the record revenue, Robinhood shares fell about 4% after hours, reflecting market concerns about the company's reliance on speculative retail trading sentiment.
- Management highlighted Robinhood Chain's public mainnet launch and Agentic Trading AI tools, which have drawn nearly 100,000 accounts and more than $100 million in assets since May.
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Robinhood's Event Contract Revenue Tops Crypto and Equities as Q2 Sales Hit a Record $1.31 Billion
Robinhood reported record second-quarter results Wednesday, with its prediction markets business generating more revenue than either its crypto or its equities desk. Event contracts produced $156 million, up more than tenfold from a year earlier, against $100 million from cryptocurrencies and $129 million from equities. Total net revenue rose 32% year over year to $1.31 billion, and net income climbed 48% to $573 million, or $0.62 a diluted shar…
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