Core Insights - Robinhood shares increased over 4% in after-hours trading following a strong second-quarter performance, with earnings of $0.42 per share surpassing analyst expectations of $0.31 and revenue of $989 million exceeding the $98 million estimate [1] - Revenue grew by 45% year-over-year, while net income more than doubled to $386 million [1] Financial Performance - Funded accounts rose to 26.5 million, and total platform assets nearly doubled to $279 billion, reflecting a 99% year-over-year increase [2] - Transaction-based revenue reached $539 million, driven by robust options trading, although crypto and equities revenue fell slightly short of forecasts [2] User Engagement and Product Development - Average revenue per user increased by 34% to $151 [3] - The company is making significant progress in long-term investing, with retirement accounts exceeding $20 billion [3] - New wealth management products, such as Robinhood Gold, which has reached a record 3.5 million subscribers, and the IRA match, are contributing to asset growth [3]