Robinhood Crypto Revenue Fell 18% Sequentially to $31M in Q2

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.RobinhoodApp’s crypto trading revenue fell 18% from the previous quarter to $31 million in the second quarter, the company reported Wednesday. $HOOD By NelWang

Overall for the second quarter, Robinhood reported earnings per share of $0.03 on revenue of $486 million, ahead of analyst estimates for a loss of $0.01 per share on revenue of $473 million. Robinhood share prices, which are up 54% this year, fell 7.

5% to $11.50 in after-hours trading Wednesday.
 

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