00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Robinhood reported a 3% increase in quarterly profit driven by higher fees from prediction
00:08market trades and growth in its subscription service, according to the Wall Street Journal.
00:13The trading platform reported net income of $346 million, or $0.38 per share, as revenue
00:21rose 15% to $1.07 billion. The results missed Wall Street estimates of $0.39 per share.
00:28Growth was driven by a 32% increase in its subscription service and higher fees from
00:34prediction market trading. Net interest revenue rose 24% to $359 million, as its margin book
00:43nearly doubled. Crypto trading revenue dropped 47%. Robinhood's prediction market trading reached
00:49a record 8.8 billion contracts in early 2026, but showed volatility as volumes fell 29% from
00:56January to February after football season ended. Shares fell about 6% in late trading on Tuesday.
01:02For all things money, visit Benzinga.com.
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