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Robinhood Q2 financial report: Cryptocurrency revenue reached $81 million, a year-on-year increase of 161%
2024-08-08 00:46
Odaily News The financial report released by Robinhood, a stock and cryptocurrency trading brokerage platform, showed that the company's net revenue in the second quarter was US$682 million, while analysts expected US$641.5 million; the number of monthly active users in the second quarter was 11.8 million, while analysts expected 13.2 million; the transaction-based revenue in the second quarter was US$327 million, while analysts expected US$296 million. Cryptocurrency revenue in the second quarter reached US$81 million (the market expected US$84.3 million), a year-on-year increase of 161%, which is twice the company's stock trading revenue in the quarter. Cryptocurrency trading volume reached US$21.5 billion, a year-on-year increase of 137%. The financial report shows that the company's largest source of income in the quarter was options, which generated a total of US$327 million in revenue. (The Block)