Robinhood exceeded earnings expectations by $81 million, adding 2.3 million new users and achieving 45% year-over-year revenue growth. With significant increases across various metrics and a diversified business model, the company is better positioned for future market fluctuations compared to its previous downturns.
Robinhood's second-quarter earnings showed a 32% increase in crypto trading volume, reaching $28 billion, alongside a 98% rise in transaction-based revenue to $160 million. The company also expanded its crypto services through acquisitions and launched tokenization initiatives, emphasizing its commitment to long-term growth in the crypto sector.