Robinhood Beats Estimates on Robust Trading Activity

Robinhood Markets reported better-than-expected earnings for its second quarter, as trading activity remained robust in equities and options. The company's adjusted earnings came in at 48 cents per share, topping analysts' estimates of 44 cents.

Transaction-based revenue jumped 44% to $776 million, driven by gains in equities, options, and event contracts. The expansion of prediction markets has become a key growth driver for the company, with analysts expecting it to play an increasingly important role in Robinhood's revenue mix.

Crypto trading remained subdued due to weaker digital asset prices, persistent market volatility, and a shift in investor interest toward artificial intelligence-related assets.