Just caught Robinhood's earnings and yeah, the crypto numbers are pretty rough. Stock dropped 6% after hours when they reported crypto revenue tanked 47% year-over-year to $134 million. That's a massive slide from when HOOD was pumping last October around $153. They're trading around $82 now, which tells you where sentiment is at. The broader earnings weren't great either - total revenue came in at $1.07 billion, missing the $1.14 billion Wall Street was expecting. Even though equities and options posted solid growth, the crypto pullback really hurt them. What's interesting though is they're trying to diversify away from just trading fees. Their prediction markets through Kalshi are hitting record volumes, and they've got this new Robinhood Chain layer-2 launching for tokenized assets. Plus total platform assets jumped 39% to $307 billion. So there's some bright spots, but the crypto cooling is definitely weighing on the stock right now. Guess it depends on whether these new revenue streams can make up for the digital asset slowdown going forward.

HOOD2.35%
KALSHI-3.07%
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