Robinhood (HOOD) Beats Estimates as Crypto Revenue Almost Doubles
Robinhood Markets Inc. posted second-quarter revenue that beat Wall Street estimates, boosted by strength in cryptocurrency trading.
Total net revenue climbed 45% from a year earlier to $989 million, the company said Wednesday in a statement. That topped the $921.5 million average estimate of analysts surveyed by Bloomberg. Net income more than doubled to $386 million, or 42 cents a share, also better than expected.
