Four tracked financial technology companies reported a slower second quarter, with group revenues missing analysts' consensus estimates by 0.7%.

Despite the group-level miss, share prices have risen by an average of 6.2% since the latest earnings results.

Company Performance Results

Robinhood (NASDAQ:HOOD) reported revenues of $1.31 billion, a 32.3% year-on-year increase that outperformed analysts' expectations by 1.8%. The company achieved the fastest revenue growth in the group and reported 28.4 million users, up 7.2% year-on-year. The stock has risen 23.8% since reporting and trades at $111.21.

Remitly (NASDAQ:RELY) reported revenues of $495.2 million, up 20.2% year-on-year, beating analyst expectations by 1.8%. Remitly recorded the biggest analyst estimate beat, highest guidance raise, and highest full-year guidance raise in the group. The company reported 10.2 million active customers, a 20% year-on-year increase. Its stock is up 9.9% since reporting and trades at $26.46.

LendingTree (NASDAQ:TREE) reported revenues of $313.4 million, up 25.3% year-on-year, falling 0.7% short of analyst expectations. The company provided the weakest full-year guidance update of the group. The stock is down 22.3% since reporting and currently trades at $30.65.

Coinbase (NASDAQ:COIN) reported revenues of $1.22 billion, an 18.5% year-on-year decrease, missing analyst expectations by 5.9%. It delivered the slowest revenue growth and the weakest performance against analyst estimates among its peers. The stock is up 13.6% since the results and trades at $185.83.