Dossier
Rothera
Coverage of Rothera in the Nexus archive.
- Robinhood CFO details surging prediction market business as firm posts record revenue in Q2
Robinhood reported record Q2 revenue of $1.31 billion, driven by growth in its Gold subscription service and prediction market business, which saw volume surge to 13 billion contracts. The company shifted to lower-fee in-house solutions for prediction markets and noted a 38% decline in cryptocurrency revenue due to market slumps.
- Bernstein lifts Robinhood target to $160, sees prediction markets revenue overtaking crypto
Bernstein raised its price target for Robinhood to $160, highlighting prediction markets, Rothera, and Robinhood Chain as key revenue drivers. The increase suggests potential growth in non-crypto revenue areas for the company.