Two closely watched consumer internet names with ties to the crypto ecosystem are set to report quarterly results this week, with Robinhood Markets (HOOD) due after the close on July 29 and Reddit (RDDT) following on July 30. Both stocks have underperformed year-to-date, but Wall Street holds consensus Buy ratings on both, implying significant upside from current levels.
Robinhood (HOOD): Trading at $95.07 — down 15% in 2026 — Robinhood is expected to post Q2 earnings per share of $0.43 on revenue of $1.29 billion, a 30%+ jump year-over-year. That top-line growth would mark a slowdown from the 45% surge in the same quarter last year, and follows a Q1 revenue miss of $1.07 billion. Options markets are pricing in a 10.8% post-earnings swing, above the 8.96% average over the last four quarters. Analysts have largely left estimates unchanged over the past 30 days, signaling expectations of an in-line print.
KeyBanc raised its price target to $125, and Needham lifted its target to $123, both citing improving fundamentals, strength across equities, options, event contracts, and a rebound in crypto activity. Analysts are also watching the CLARITY Act as a potential catalyst that could boost sentiment on Robinhood and other digital-asset names like Coinbase (COIN) and Circle (CRCL).
Reddit (RDDT): Down 20% year-to-date to $179.23, Reddit is forecast to deliver Q2 revenue of $731 million (+46.3% YoY) and GAAP EPS of $0.97, more than double the prior-year period. The company’s Q1 results beat expectations with 69% revenue growth, driven by a 74% jump in ad revenue to $625 million and 17% user growth to 126.8 million daily active users. Management guided for Q2 revenue of $715–$725 million and adjusted EBITDA of $285–$295 million.
The key risk heading into the report is Reddit’s standoff with Google over a content licensing deal worth approximately $60 million annually. Reddit is pushing for a usage-based fee structure, frustrated that Google’s AI Overviews siphon traffic away from the platform. The stock fell 9% in a single session last week on a report that Reddit considered blocking Google’s access to its content. A favorable resolution could unlock high-margin licensing revenue, while a breakdown could hurt both licensing income and organic search traffic.
Among consumer internet peers, Alphabet beat revenue estimates by 2.2% but fell 7.1%, while Netflix met revenue expectations and dropped 7.3%. With the broader segment up 1.2% over the past month, HOOD’s 6.6% decline and RDDT’s struggles set the stage for a pivotal earnings week for both platforms.
