Coinbase Q3 revenue fell 35% year-over-year to $1.22 billion, with net profit rebounding to $719 million, ending a streak of losses.
Coinbase's Q3 revenue was $1.22 billion, a 35% year-over-year decrease, while net profit rebounded to $719 million, ending a streak of losses. The company's earnings per share reached $2.51, primarily driven by unrealized cryptocurrency gains, with adjusted net income at $78 million. Additionally, annualized revenue from prediction markets has exceeded $200 million, growing at a compound quarterly rate of 82% since its launch. Coinbase's cryptocurrency trading market share reached 10.7%, and the average USDC holdings hit a record $22 billion.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
5
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
6
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
7
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
8
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
-
9
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
Markets Today
Recommended Reading


