Robinhood revenue hits record $1.31B on prediction markets surge
On Wednesday, Robinhood Markets announced its second-quarter earnings, exceeding Wall Street's forecasts. The surge in trading activity across equities, options, and prediction markets propelled total net revenues to $1.31 billion, marking a 32% increase compared to the same quarter last year.
Key facts
- Robinhood reported Q2 results Wednesday.
- Total net revenues rose 32% year-over-year to $1.31 billion.
- Record trading volumes in equities, options, and prediction markets drove revenue.
- Results beat Wall Street expectations.
Entities
Institutions
- Robinhood Markets
Sources
- Quartz —