Robinhood slides 4% despite earnings beat as crypto revenue cools
The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.
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Summary
- Robinhood beat Wall Street’s second-quarter expectations with adjusted earnings of $0.62 a share and record revenue of $1.31 billion, but its stock fell in 4% in extended trading.
- The brokerage’s results showed weaker crypto trading, with crypto revenue down 38% to $100 million from a year earlier, offset by stronger activity in options, equities and prediction markets.
- Robinhood accelerated its product rollout with the launch of Robinhood Chain for tokenized U.S. stocks in Europe and new Agentic Trading AI tools that automate investing while keeping users’ controls in place.
