Robinhood’s Q2 Revenue Hits Record $1.31B as Prediction Markets Fuel 10x Surge in Event Contracts
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Robinhood reported record Q2 net revenue of $1.31 billion, up 32% year-over-year, with transaction-based revenue rising 44% to $776 million. Activity in prediction markets, options and equities, and rapidly growing event contracts offset a sharp decline in crypto income, signaling strong platform revenue diversification but weakness in crypto revenue and adoption.
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Robinhood posted record second-quarter net revenue of $1.31 billion, up 32% year-over-year, as activity across prediction markets, options, and equities helped offset a sharp decline in crypto income.
The company’s transaction-based revenue jumped 44% to $776 million during the quarter. Event contracts emerged as one of its fastest-growing businesses.
Predictions Markets
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Predictions Markets
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