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Robinhood Q2 Revenue Hits Record $1.31 Billion as Event…
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Robinhood Q2 Revenue Hits Record $1.31 Billion as Event Contract Revenue Surges More Than 10xEnglish 한국어日本語ไทย繁體中文ItalianoPortuguêsDeutschEspañolFrançaisRobinhood Markets reported record second-quarter revenue of $1.31 billion, underscoring the company’s transformation from a commission-free stock trading app into a diversified financial platform spanning cryptocurrencies, derivatives and event contracts.
Revenue increased 45% year over year, surpassing analyst expectations and marking the highest quarterly revenue in Robinhood’s history.
One of the quarter’s standout performers was Robinhood’s event contracts business, where revenue increased more than tenfold from a year earlier.
Crypto trading revenue rose 46% year over year to $234 million as customer activity benefited from improving market conditions and continued retail participation.
The strong earnings also demonstrate that Robinhood is benefiting from broader trends reshaping financial markets.