Summary

Robinhood beat analyst expectations on several fronts for the second quarter. That included record revenue of $1.31 billion, which beat estimates of $1.25 billion to $1.28 billion, and earnings per share, which came in at $0.62 versus the $0.42 analysts had predicted. The strong performance was driven in part by an uptick in Robinhood’s Gold subscription business and the popularity of its prediction market business. Total prediction market volume for Robinhood in Q2 surged to 13 billion contracts compared with 9 billion in the first quarter.

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