Quartz·1 min read·medium
Robinhood posted record quarterly revenue as prediction markets surged and beat Wall Street
✦AI Summary
Robinhood reported record quarterly revenue, driven largely by a significant surge in its event contracts business. The company's total net revenue increased by 32% year-over-year.
Event contracts revenue rose more than 10x year-over-year to $156 million, helping drive a 32% gain in total net revenues
businesseconomy
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