Second-quarter net revenue jumped 32% year-over-year, driven by a tenfold increase in event contract revenue to $156 million.
Robinhood reported second-quarter net revenue of $1.31 billion, a 32% year-over-year increase and a record for the company. Net income rose 48% to $573 million, with diluted earnings per share at $0.62.
Transaction-based revenue climbed 44% to $776 million, fueled by event contract revenue surging more than tenfold to $156 million. Options and equities also contributed to growth, while crypto revenue declined 38% to $100 million. Net deposits reached a record $21.7 billion.