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Chris Katje

Robinhood Beats Revenue Estimates, Reports Q2 Profitability

Robinhood Rafael Henrique Robinhood Markets, Inc. Jason Warnick Crypto

The Robinhood Markets, Inc. logo is displayed on a smartphone screen in this photo illustration. Robinhood reported second-quarter revenue of $486 million, which was up 53% year-over-year and up 10% quarter-over-quarter. The revenue total beat a Street estimate of $475 million, RAFAEL HENRIQUE/SOPA IMAGES/LIGHTROCKET/GETTY IMAGES

Stock and crypto trading platform company Robinhood Markets Inc reported second-quarter financial results after the market closed on Wednesday.

What Happened: Robinhood reported second-quarter revenue of $486 million, which was up 53% year-over-year and up 10% quarter-over-quarter. The revenue total beat a Street estimate of $475 million.

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