Robinhood Markets reported record total revenue of $1.31 billion in the second quarter, up 32% year-over-year, as growth in equities, options, and event contracts offset a 38% drop in crypto revenue. Equities revenue surged 95% and options revenue rose 29%, while event contract revenue reached $156 million, ten times higher than the prior period. Funded customers grew 7% to 28.4 million and investment accounts increased 9% to 29.9 million, with average revenue per user climbing 24% to $187. The company is expanding into banking, credit, subscriptions, and prediction markets to build a diversified financial-services ecosystem and reduce reliance on any single trading category.
Robinhood Markets IncRecord Q2 revenue and growth across multiple segments
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