Robinhood earnings reveal that prediction market income has surpassed crypto.
38 segments
Robinhood beats quarterly profit
estimates as trading activity remains
robust. So, let me just give you the
numbers here. You might notice
something.
They smashed. Robinhood quarterly
revenue record 1.31 billion. Biggest
revenue ever. Big numbers, huge numbers,
the best numbers.
Their options revenue was 342 million,
which is good to know that their traders
are still degenerates.
Prediction market revenue 156 million.
Stock trading revenue 129 million.
Crypto revenue
100 million.
Event contracts increased more than
tenfold. Customers traded 13.6
billion prediction markets contracts.
Think about this. Robinhood made 56%
more from prediction markets than they
did from crypto, and they just launched
these a few months ago. Now, you'll
remember last quarter, I think, I
I'm not going to give the exact number
cuz I don't want to misquote it, but
Robinhood's crypto revenues were down
40-something percent. 41, 47, something
like that. 67. Um this month, I believe
they were down just over 30% more.
Right? And we know that there's no
volume in trading crypto right now, and
a lot of that money has followed AI and
hotter trends, and certainly prediction
markets. But, the fact is that Robinhood
is no longer democratizing finance.
They're democratizing
parlays.
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Robinhood reported a record quarterly revenue of 1.31 billion, driven by robust trading activity. A significant highlight is the performance of prediction markets, which generated 156 million in revenue—surpassing crypto revenue by 56% despite only being launched recently. This shift reflects a move in trader interest away from crypto and towards event contracts and other trending markets.
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