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Robinhood, the popular trading platform, posted a profitable second quarter of 2023 with EBITDA growing by 31% to $151 million. This marks the first time the company has turned a profit since going public.Despite the overall positive results, Robinhood experienced an 18% decline in revenue from crypto transactions, which amounted to $31 million in the quarter.The platform’s total revenue <a href="https://cryptosheadlines.com/ordinals-finance-took-1-million-from-its-users-and-as-a-result-the-value-of-ofi-token-dropped-by-95/" rel="noopener noreferrer nofollow">dropped</a> from $202 million in June of the previous year to $193 million this year, representing a 4% decrease. Nonetheless, the company remains optimistic about its future prospects, including expansion plans in the UK.<h3 id="strong-robinhood-turns-profitable-in-q2-despite-revenue-drop-strong">Robinhood Turns Profitable in Q2 Despite Revenue Drop</h3>In the second quarter of this year, Robinhood managed to turn a <a href="https://cryptosheadlines.com/galaxy-digital-reports-134-million-profit-in-first-quarter-amid-strong-crypto-market-performance/" rel="noopener noreferrer nofollow">profit of $25 million</a>, or $0.03 per share, despite experiencing a drop in revenue. The company’s total operational expenditures also improved, decreasing by approximately $45 million on average over the past several months. <a href="https://cryptosheadlines.com/robinhood-q2-report-crypto-revenue-down-18/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a> and <a href="https://www.threads.net/&#64;cryptosheadlines" rel="noopener noreferrer nofollow">Threads App</a>

Robinhood Q2 Report: Crypto Revenue Down 18%

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