Webull Corp. (NASDAQ:BULL) shares fell, despite strong Q2 revenue of $131.5 million, up 46% YoY, and adjusted net income of $15.4 million. Trading-related revenue surged 63%, equity notional volume rose 58%, and customer assets hit an all-time high of $15.9 billion, up 64% YoY.

CEO Anthony Denier highlighted three straight quarters of operating profitability and a year-over-year increase in adjusted operating profit margin. He emphasized the relaunch of crypto trading as a major catalyst for growth, expecting accelerated account growth and increased trading revenue.

Webull relaunched crypto trading in the U.S., Brazil, and Australia, aiming to build the best digital asset trading platform. They also announced a $1 billion equity facility for expansion and growth in new markets like Canada and Latin America. BULL shares are currently trading lower by 4.75% at $12.95.

Analysts questioned management on growth drivers, focusing on net deposits and traction with active users. Denier pointed to strong volatility and low-margin financing rates as factors driving engagement. The company is optimistic about the future and expects to benefit quickly from increased trading revenue.

Read more at Yahoo Finance: Webull Shares Slide Despite Strong Revenue And Crypto Trading Comeback