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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Robinhood Sheds Its Meme Stock Skin, Emerges As Full-Fledged Fintech Player

HOOD Robinhood Brett Knoblauch John Todaro Robinhood Markets, Inc.
Robinhood Markets, Inc.

Robinhood Markets, Inc. (NASDAQ:HOOD) shares moved lower on Thursday, despite delivering stronger-than-expected second-quarter results.

The stock and cryptocurrency trading platform reported second-quarter revenue of $989.0 million on Wednesday, up 45% year-over-year. The revenue beat a Street consensus estimate of $898.95 million, according to data from Benzinga Pro.

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