Robinhood’s second-quarter results showed prediction market activity outpacing two of its better-known trading businesses. According to The Block, event contracts generated $156 million in revenue during the quarter, ahead of $100 million from cryptocurrency trading and $129 million from stock trading. That mix helped lift total transaction-based revenue 44% year over year to $776 million.
The company also reported total net revenue of $1.31 billion for the quarter, up 32% from a year earlier, while net income rose 48% to $573 million. Robinhood said notional crypto trading volume reached $40 billion, including $22 billion tied to Bitstamp.
The earnings release also highlighted the company’s recent push into prediction markets and on-chain products. Robinhood entered the prediction market business in October 2024, launched its prediction markets hub in March, and rolled out CFTC-licensed exchange Rothera in June. Separately, Robinhood Chain has reached about $325 million in total value locked, while DEX trading volume has surpassed $12 billion and total transaction count has moved past 150 million. Robinhood shares fell about 3% in after-hours trading to $86.89 following the earnings release.
Robinhood’s prediction market business brought in more revenue than its crypto and stock trading units in the second quarter, according to The Block, helping push total transaction-based revenue up 44% year over year to $776 million.
Event contracts generated $156 million during the quarter. Crypto trading revenue came in at $100 million, down 38% from a year earlier, while stock trading revenue reached $129 million.
Robinhood reported total net revenue of $1.31 billion in the second quarter, up 32% year over year. Net income was $573 million, a 48% increase.
Company details growth in prediction markets and on-chain products
The company said notional crypto trading volume totaled $40 billion, including $22 billion from Bitstamp.
Robinhood entered prediction markets in October 2024. It launched its prediction markets hub in March and introduced CFTC-licensed exchange Rothera in June.
Since launch, Robinhood Chain has reached about $325 million in TVL. DEX volume has exceeded $12 billion, and transaction count has passed 150 million.
Robinhood shares fell about 3% in after-hours trading to $86.89 after the earnings release.
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