Robinhood (HOOD) Q2 Revenue Tops Consensus, Sees Headwinds for Third Quarter

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Robinhood Reports Second Quarter 2021 Results

August 18, 2021 4:05 PM EDT

MENLO PARK, Calif., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. (Robinhood) (NASDAQ: HOOD) today announced financial results for the second quarter ended June 30, 2021.

Total net revenues increased 131% to $565 million in the second quarter of 2021, compared with $244 million in the second quarter of 2020.Transaction-based revenues increased 141% to $451 million in the second quarter of 2021, compared with $187 million in the second quarter of 2020. Options increased 48% to $165... More