Robinhood Stock Price Drops After Beating Earnings Expectations

Robinhood's stock price closed at $89.84 on July 29, down 3.15% after the company posted its best quarter ever.

The drop was not just about the numbers; HOOD has fallen about 14% in five days and roughly 20% this year.

Despite beating earnings expectations with a record $1.31 billion in revenue, up 32% from last year, the market sold the news.

The mix told the real story: prediction markets generated $156 million, overtaking both equities at $129 million and crypto at $100 million for the first time.

This shift matters because crypto revenue fell 38% year over year, yet total revenue still hit a record.

Robinhood now runs 13 businesses above $100 million in annual revenue, far from its meme-broker image.