Robinhood (HOOD) topped Wall Street’s second-quarter expectations, but shares fell about 4% in after-hours trading, adding to their 3.1% decline during Wednesday’s session.

The online brokerage reported adjusted earnings per share of $0.62, well ahead of analysts’ $0.43 estimate, while revenue climbed 32% from a year earlier to a record $1.31 billion, narrowly topping the $1.29 billion consensus forecast.

The results reflected strength across Robinhood’s expanding product lineup, even as crypto trading cooled. Crypto revenue fell 38% year over year to $100 million from $160 million, while transaction revenue was lifted by surging options, equities and prediction markets activity.

“Whether it’s the Robinhood Chain, Robinhood Ventures, or…