Robinhood turns a hit in Q2, but crypto income declines

Robinhood turns worthwhile in Q2, however crypto earnings declines

© Reuters
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Robinhood (NASDAQ:HOOD) released its 2nd-quarter results, reaching profitability for the principle time since turning loyal into a public firm, despite a topple in earnings in the 2nd quarter of 2023.

In step with its quarterly account released on Aug. 2, Robinhood’s earnings from cryptocurrency transactions shrank by 18% to $31 million. Other transaction-basically based mostly entirely revenues dropped as successfully, including alternatives, which diminished 5% to $127 million, and equities, which declined 7% to $25 million. All thru the last Twelve months, its earnings has diminished by 4% from $202 million in June closing Twelve months to $193 million.

<em>Robinhood's Q2 2023 results. Supply: Robinhood</em>

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