BIST10013.501,55▼ -1.36%Ironwood Surge: Zcash Draws $80M ZEC into New PoolUSD/TRY47.6442▲ 0.20%Fauci’s Diary: How China-US Rare Earth War Echoes in Chip SectorEUR/TRY54.5105▲ 0.30%MoonPay's Crypto Wallet Integration in Claude and ChatGPT: User Experience and Market ImplicationsBTC/USD$64,006.41▲ 0.13%Ethereum's Leadership Shift: pcaversaccio Joins Board and Anvil's InitiativeGOLD6.244,72▲ 0.15%US Borrowing Costs Hit 19-Year High: Fed's Decision's Impact on Global Supply ChainsBRENT$90.40▼ -0.37%Ahbap Investigation: Hüseyin Başaran's Custody Statement Reveals 2.3 Billion TL Property Sales Flock Cameras Under Fire as Privacy Concerns Hit Capitol HillBIST10013.501,55▼ -1.36%Ironwood Surge: Zcash Draws $80M ZEC into New PoolUSD/TRY47.6442▲ 0.20%Fauci’s Diary: How China-US Rare Earth War Echoes in Chip SectorEUR/TRY54.5105▲ 0.30%MoonPay's Crypto Wallet Integration in Claude and ChatGPT: User Experience and Market ImplicationsBTC/USD$64,006.41▲ 0.13%Ethereum's Leadership Shift: pcaversaccio Joins Board and Anvil's InitiativeGOLD6.244,72▲ 0.15%US Borrowing Costs Hit 19-Year High: Fed's Decision's Impact on Global Supply ChainsBRENT$90.40▼ -0.37%Ahbap Investigation: Hüseyin Başaran's Custody Statement Reveals 2.3 Billion TL Property Sales Flock Cameras Under Fire as Privacy Concerns Hit Capitol Hill

CryptoJuly 30, 2026 at 02:07 AM

Robinhood Shares Drop 4% Despite Earnings Beat as Crypto Revenue Cools

724FinanceDeniz Arel

Robinhood Shares Drop 4% Despite Earnings Beat as Crypto Revenue Cools

Robinhood (HOOD) exceeded Wall Street's second-quarter earnings expectations but saw its share price decline by 4%, driven by a 38% year-over-year drop in crypto revenue. The brokerage reported adjusted EPS of $0.62, surpassing the $0.43 estimate, with total revenue rising 32% to $1.31 billion. Crypto revenue fell to $100 million from $160 million, while transaction revenue surged due to increased options, equities, and prediction markets activity. CEO Vlad Tenev highlighted the company's product velocity, including the launch of Robinhood Chain and Agentic Trading. Analysts will closely monitor Coinbase's upcoming earnings report, given the two firms' heavy reliance on retail trading and crypto sentiment. Innovations like Anvil further demonstrate the industry's push for on-chain financial integration.