Robinhood Stock falls as crypto revenue drops 38% despite earnings beat

Robinhood Stock closed at $86.60 on July 30 after an intraday high of $92.53, sliding despite a Q2 2026 earnings beat. Prediction markets revenue surged, yet the technical picture has turned decisively bearish across all timeframes.

Key takeaways

• HOOD closed at $86.60 on July 30, below all three major daily moving averages.
• Event contracts revenue surged more than 10x year-over-year to $156 million, overtaking crypto as a revenue driver.
• Crypto trading revenue dropped 38% to $100 million.
• Goldman Sachs, Barclays, and Jefferies all cut price targets despite the earnings beat.
• The daily RSI sits at 36 with MACD histogram at -2.99, confirming accelerating bearish momentum.

A Revenue Beat That Didn’t Save the Chart

Robinhood’s Q2 2026 earnings beat was not enough to prevent a sharp sell-off. The market focused instead on deteriorating crypto revenue and a shifting business mix. Event contracts revenue rose more than 10x year-over-year to $156 million. Total net revenues climbed 32%. Both figures beat Wall Street estimates on the top and bottom lines.

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