HomeVideos

Robinhood earnings reveal that prediction market income has surpassed crypto.

Now Playing

Robinhood earnings reveal that prediction market income has surpassed crypto.

Transcript

38 segments

0:00

Robinhood beats quarterly profit

0:02

estimates as trading activity remains

0:05

robust. So, let me just give you the

0:06

numbers here. You might notice

0:08

something.

0:09

They smashed. Robinhood quarterly

0:12

revenue record 1.31 billion. Biggest

0:16

revenue ever. Big numbers, huge numbers,

0:18

the best numbers.

0:20

Their options revenue was 342 million,

0:22

which is good to know that their traders

0:24

are still degenerates.

0:26

Prediction market revenue 156 million.

0:29

Stock trading revenue 129 million.

0:34

Crypto revenue

0:36

100 million.

0:38

Event contracts increased more than

0:40

tenfold. Customers traded 13.6

0:45

billion prediction markets contracts.

0:48

Think about this. Robinhood made 56%

0:51

more from prediction markets than they

0:54

did from crypto, and they just launched

0:56

these a few months ago. Now, you'll

0:57

remember last quarter, I think, I

1:00

I'm not going to give the exact number

1:01

cuz I don't want to misquote it, but

1:02

Robinhood's crypto revenues were down

1:04

40-something percent. 41, 47, something

1:06

like that. 67. Um this month, I believe

1:10

they were down just over 30% more.

1:13

Right? And we know that there's no

1:15

volume in trading crypto right now, and

1:17

a lot of that money has followed AI and

1:19

hotter trends, and certainly prediction

1:21

markets. But, the fact is that Robinhood

1:24

is no longer democratizing finance.

1:26

They're democratizing

1:27

parlays.

Interactive Summary

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.

Suggested questions

3 ready-made prompts