Robinhood Crypto Revenue Tops Estimates Despite 38% Drop, How Will Stock React?
Robinhood outperformed Wall Street expectations after reporting $100 million in second-quarter crypto transaction income, beating the $86.6 million consensus estimate regardless of a pointy 38% year-over-year decline. The earnings spotlight a altering enterprise mannequin the place sturdy development in prediction markets, equities, and subscriptions helps offset weaker cryptocurrency buying and selling. Robinhood Beats Crypto Revenue…
