Robinhood Markets, Inc. (NASDAQ:HOOD) reported record quarterly revenue on July 29, 2026, and the stock faded anyway. Second-quarter revenue hit an all-time high of $1.31 billion, up 32%. Its EPS reached $0.62, surpassing the $0.41 consensus while generating a net income of $573 million – a 48% increase. However, the market is fixed on one red number instead – the crypto revenue that fell 38% to $100 million. Still pricing it as a crypto-beta stock, the traders sold the crypto miss and turned away from the line that changed the company.

The Line Everyone Skipped

Prediction markets made $156 million in revenue across…