Revenue from Robinhood’s cryptocurrency transactions dropped to $31 million in the second quarter—an 18% decrease from the first quarter, and a year-over-year decline of approximately 47%—setting a new low for the online brokerage that went public in 2021.
Overall, however, with an earnings per share of 3 cents, Robinhood beat analysts’ predictions of a loss of 1 cent, according to data from the Wall Street Journal.
