Crypto revenue fell 38% year-over-year to $100 million, offsetting record $1.31 billion total revenue and $0.62 adjusted EPS.
Robinhood reported second-quarter adjusted earnings of $0.62 per share, surpassing the $0.43 estimate, while revenue hit a record $1.31 billion, up 32% from a year earlier. The results narrowly topped the $1.29 billion consensus forecast but failed to lift shares, which slid 4% in extended trading.
Crypto trading revenue declined 38% year-over-year to $100 million, down from $160 million, as transaction revenue from options, equities, and prediction markets rose. The brokerage expanded its product lineup with Robinhood Chain for tokenized U.S. stocks in Europe and new AI-driven trading tools.
The stock’s decline followed a 3.1% drop during regular trading on Wednesday, reflecting investor concerns over cooling crypto activity despite broader revenue growth.