TLDRRobinhood shares dropped after hours despite strong second-quarter growth in Q2.Q2 revenue climbed 32% to $1.31 billion as trading activity reached records.Net income surged 48% to $573 million, while diluted EPS increased to $0.62.Crypto revenue fell 38% even as options and equities revenue increased sharply.Platform assets reached $369 billion while Gold subscribers hit 4.8 million.Robinhood (HOOD) stock fell 3.15% to close at $89.84, then dropped 4.09% after hours to $86.17. The decline followed second-quarter results showing strong revenue, profit, account growth, and trading activity. However, weaker cryptocurrency revenue and higher operating costs weighed on the after-hours response.Robinhood Markets, Inc., HOODRobinhood Stock Falls Despite Revenue GrowthRobinhood reported total net revenue of $1.31 billion, representing a 32% increase from the previous year. Transaction-based revenue climbed 44% to $776 million, supported by options, equities, and event contracts. Meanwhile, cryptocurrency revenue fell 38% to $100 million and partly offset stronger trading results elsewhere.Net interest revenue rose 9% to $389 million as interest-earning assets expanded across the platform. Other revenue increased 54% to $143 million, supported by subscriptions and Trump Account service fees. These gains helped Robinhood produce broader revenue growth across several business lines during the quarter.Net income increased 48% to $573 million, while diluted earnings reached $0.62 per share. The results included $129 million in gains linked mainly to Robinhood Ventures Fund I deconsolidation. Adjusted EBITDA rose 35% to $741 million, while total buybacks reached $1.3 billion since Q3 2024.Customer Assets and Trading Volumes Reach RecordsFunded customers increased 7% to 28.4 million, while investment accounts rose 9% to 29.9 million. Total platform assets advanced 32% to $369 billion, supported by deposits and higher equity valuations. Robinhood also recorded $21.7 billion in quarterly net deposits, equal to a 28% annualized growth rate.Robinhood Gold subscribers increased 39% to 4.8 million, while average revenue per user rose 24% to $187. Retirement assets climbed 82% to $34.5 billion, and the margin book expanded 127% to $21.6 billion. Cash and deposits also reached $18.7 billion after increasing 34% from the previous year.Equity trading volume jumped 85% to a record $956 billion during the second quarter. Options contracts increased 50% to 774 million, while event contracts exceeded 13.6 billion. Crypto trading volume totaled $40 billion, including $22 billion from Bitstamp and $18 billion through Robinhood.New Products Expand Robinhood’s Business MixRobinhood Legend surpassed $100 million in annualized revenue about 18 months after its customer rollout. The company also said nearly 100,000 customers opened Agentic Trading accounts holding over $100 million. Prediction markets expanded through Rothera, its exchange venture with Susquehanna International Group.The Robinhood Gold Card passed one million customers and reached $17 billion in annualized purchase volume. Robinhood Banking held more than $3 billion in deposits from over 240,000 funded customers. Robinhood Strategies also reached nearly $2 billion in managed assets across more than 300,000 customers.International funded customers exceeded one million as Robinhood expanded its global financial services footprint. The company completed its WonderFi acquisition and launched Robinhood Chain’s public mainnet for financial applications. It also added stock tokens, decentralized lending, European perpetual futures, and planned United Kingdom cryptocurrency services. The post Robinhood (HOOD) Stock: Drops as Q2 Revenue Jumps 32% and Net Income Surges 48% appeared first on Blockonomi.