Robinhood Earnings: Prediction Markets Explode 6x, Stock Falls 8%
Robinhood generated $173M from prediction markets last quarter — 6x year-over-year — but total revenue missed estimates and the stock fell ~8% after hours. Ripple partnership for RLUSD stablecoin settlement also announced.
What we know
An account on X flagged that Robinhood's prediction market segment grew 6x YoY to $173M but the stock still dropped ~8% AH on a total revenue miss — illustrating how the fastest-growing segment rarely moves the stock. Another account on X highlighted a new Robinhood-Ripple partnership to use RLUSD stablecoin for institutional trade settlement and treasury operations, calling it bullish for XRP. Another account on X noted Vlad Tenev emphasized on-chain activity and community support on the earnings call, benefiting Robinhood Chain tokens like $HMM.
How the story developed
Robinhood generated $173M from prediction markets last quarter — 6x year-over-year — but total revenue missed estimates and the stock fell ~8% after hours. Ripple partnership for RLUSD stablecoin settlement also announced.
Ripple and Robinhood announced a strategic partnership bringing $RLUSD to Robinhood's retail and institutional platforms. The Robinhood Chain ecosystem is drawing increased attention with calls to list more native tokens on the app.
A full-page WSJ ad was placed opposing tokenized equities, while on-chain data shows 60% of Robinhood Chain stock token volume ($532M/month) trades outside NYSE hours — reframing the product's core value proposition.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.