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[BUSINESS] · United States · 4 sources

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Part of situation: Robinhood Chain scales amid revenue surges and IPO entry (73 clusters)

Robinhood Posts Record Q2 Revenue as Options Surge and Crypto Sales Drop

Robinhood Q2 earnings options revenue crypto decline institutional investment

Robinhood Markets, Inc. reported second‑quarter 2024 results with revenue of $1.31 billion, up 32 % year over year, and earnings per share of $0.62, beating the Wall Street consensus of $0.43. After stripping a $0.14‑per‑share one‑time benefit from the deconsolidation of Robinhood Ventures Fund I, adjusted EPS was $0.48.

Despite the earnings beat, the shares fell about 1.4 % in after‑hours trading, trading around $88.40. The quarter saw strong growth in options revenue, while cryptocurrency trading revenue declined 38 % to $100 million. A German report noted that revenue from prediction‑based products now exceeds that from traditional stock‑trade commissions.

Institutional investors added to their stakes: Militia Capital Management LLC purchased 23,678 shares valued at roughly $1.64 million in the first quarter, alongside other investors such as Rathbones Group and Glenmede Trust. The one‑time gain from the deconsolidation of Robinhood Ventures Fund I contributed about $129 million to the quarter’s profit.

Entities

Militia Capital Management LLC · Robinhood Markets, Inc. · Robinhood Ventures · Robinhood Ventures Fund I · U.S. investors · Vladimir Tenev · crypto traders · options traders

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] Militia Capital Management bought 23,678 Robinhood shares worth about $1.64 million in Q1. www.marketbeat.com
  • [○ 1 SOURCE] After removing a $0.14‑per‑share one‑time benefit, adjusted EPS was $0.48. www.fool.com
  • [DISPUTED] Robinhood's stock fell about 1.4 % in after‑hours trading to around $88.40. www.btc-echo.de
  • [○ 1 SOURCE] Revenue from prediction‑based products now exceeds revenue from stock‑trade commissions. www.it-boltwise.de
  • [○ 1 SOURCE] Options revenue grew strongly while cryptocurrency trading revenue declined 38 % to $100 million. www.btc-echo.de
  • [● 2 SOURCES] Robinhood reported Q2 revenue of $1.31 billion, up 32 % year over year. www.fool.com · www.btc-echo.de
  • [○ 1 SOURCE] Deconsolidation of Robinhood Ventures Fund I contributed roughly $129 million one‑time gain to earnings. www.btc-echo.de
  • [○ 1 SOURCE] Adjusted earnings per share were $0.62, beating the analyst estimate of $0.43. www.fool.com

Sources

Robinhood Stock Beat Expectations and the Stock Fell Anyway. Here's What Long-Term Investors Should Do. | The Motley Fool [www.fool.com]
about 1 month ago
Militia Capital Management LLC Takes Position in Robinhood Markets, Inc. $HOOD [www.marketbeat.com]
about 1 month ago
Robinhood: Mehr Erlös aus Prognosen als aus Aktienhandel – was das für KI-gestützte Trading-Modelle bedeutet [www.it-boltwise.de]
about 1 month ago
Robinhood: Optionen boomen, das Krypto-Geschäft schrumpft [www.btc-echo.de]
about 1 month ago