00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Robinhood's second quarter revenue surpassed Wall Street estimates driven by strong cryptocurrency
00:06trading, according to Bloomberg. Training platform reported second quarter net revenue of $989 million
00:11up 45% year over year and above the $921.5 million analyst estimate.
00:16Net income more than doubled to $386 million, or $0.42 per share, beating expectations.
00:22Cryptocurrency revenue jumped 98% to $160 million, nearly missing analyst projections of $162.1
00:28million. CEO Vlad Tenev highlighted tokenized equities as a major innovation despite regulatory
00:33scrutiny in Europe. Shares rose 3.34% in after hours trading and are up 185% year to date.
00:39For all things money, visit Benzinga.com.
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