Robinhood Crypto Revenue Tops Estimates Despite 38% Drop, How Will Stock React?
Robinhood outperformed Wall Street expectations after reporting $100 million in second-quarter crypto transaction revenue, beating the $86.6 million consensus estimate despite a sharp 38% year-over-year decline. The earnings highlight a changing business model where strong growth in prediction markets, equities, and subscriptions is helping offset weaker cryptocurrency trading. Robinhood Beats Crypto Revenue Estimates as Diversification