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U.S. cryptocurrency exchange Coinbase reported fourth-quarter and full-year earnings on Thursday afternoon, with several indicators beating analysts' expectations. The company posted full-year 2024 revenue of $6.60 billion, more than double the 2023 total of $3.10 billion. Net income was $2.60 billion and adjusted EBITDA was $3.30 billion. Fourth quarter 2024 revenue was $2.27 billion, compared to $1.84 billion and $1.26 billion expected three months ago. Fourth quarter trading revenue increased...
On August 1st, Coinbase is about to release its second-quarter earnings on Thursday afternoon local time. Due to the pullback of cryptocurrency traders in recent months, this may lead to a decrease in Coinbase Global's profits. According to analyst estimates compiled by FactSet, after the market closes on Thursday, Coinbase is expected to report second-quarter earnings of 94 cents per share and revenue of $1.37 billion.
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