Robinhood posted its strongest quarter yet, with record Q2 revenue of $1.31 billion, up 32% year-over-year.
The company's net income climbed 48% to $573 million, and earnings per share reached $0.62.
The biggest surprise was the company's shifting business model, as transaction-based revenue jumped 44% to $776 million, led by event contract revenue of $156 million, which surged more than 10x compared to last year.
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