Robinhood's Q2 Revenue Exceeded Expectations, but Its Stock Price Still Fell 4%; Cryptocurrency Trading Revenue Dropped 38%
U.S. online brokerage Robinhood reported its second-quarter earnings, with both adjusted earnings per share and total revenue exceeding Wall Street expectations. However, its stock price fell about 4% in after-hours trading. The earnings report showed that Robinhood’s cryptocurrency trading revenue fell 38% year-over-year to $100 million, but this decline was offset by strong performance in options, stocks, and prediction markets.
Source:CoinDesk · Source Link
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