Reported 2 months ago
Robinhood reported impressive second quarter earnings, surpassing revenue expectations with $682 million and earnings of $0.21 per share. Despite not meeting user growth targets, the trading platform experienced a 40% year-over-year revenue increase and a significant rise in net deposits, signaling strong profitability. Analysts suggest the upcoming 2024 presidential election may positively influence the crypto landscape and further benefit Robinhood's growth.
Source: YAHOO