Robinhood reported record Q2 net revenue of $1.31B driven by prediction markets and event contracts, which surged 10x to $156M, though crypto revenue declined 38%.
DeFi & Yields ·
Robinhood posted record second-quarter net revenue of $1.31 billion, representing a 32% year-over-year increase, with prediction markets and event contracts driving much of the growth. Event contract revenue reached $156 million—more than 10 times the prior-year quarter—while trading volume in that segment climbed to 13.6 billion contracts. This surge in prediction market activity offset a 38% decline in crypto revenue during the period.
The company is simultaneously pursuing international expansion and product diversification. Robinhood has launched Robinhood Chain and acquired WonderFi as part of its broader strategy, while introducing AI-powered trading tools and stock tokens accessible to users across more than 120 countries.
The data does not yet clarify the relative contribution of prediction markets versus traditional options revenue to the overall $1.31 billion figure, nor does it specify the geographic breakdown of the expanded international user base or the financial scale of the WonderFi acquisition.