Robinhood slides 4% despite earnings beat as crypto revenue cools

MarketsRobinhood slides 4% despite earnings beat as crypto revenue coolsThe brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.By Helene Braun, Krisztian Sandor|Edited by Stephen Alpher Jul 29, 2026, 8:40 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowRobinhood beat Wall Street’s second-quarter expectations with adjusted earnings of $0.62 a share and record revenue of $1.31 billion, but its stock fell in 4% in extended trading.The brokerage’s results showed weaker crypto trading, with crypto revenue down 38% to $100 million from a year earlier, offset by stronger activity in options, equities and prediction markets.Robinhood accelerated its product rollout with the launch of Robinhood Chain for tokenized U.S. stocks in Europe and new Agentic Trading AI tools that automate investing while keeping users’ controls in place.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 Trump Accounts, our product velocity is focused on one goal: making everyone an owner," Vlad Tenev, Chairman and CEO of Robinhood, said in a statement.The second quarter marked one of Robinhood's biggest product pushes in recent yea…

Robinhood slides 4% despite earnings beat as crypto revenue cools

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