Coinbase Shares Rise Following Q3 Earnings Report: Here's the Reason
Written by Emily J. Thompson, Senior Investment Analyst
Source: benzinga_crypto
Updated: Oct 30 20250mins
Earnings Report: Coinbase Global Inc. reported third-quarter earnings of $1.44 per share, surpassing analyst expectations of $1.11, and quarterly revenue of $1.86 billion, exceeding the $1.79 billion estimate.
Year-over-Year Growth: The revenue of $1.86 billion marked an increase from $1.2 billion in the same quarter last year, indicating strong year-over-year growth.
CEO's Statement: CEO Brian Armstrong highlighted the quarter's success, emphasizing solid financial results and ongoing innovation in their product offerings.
Future Outlook: Coinbase anticipates approximately $385 million in transaction revenue for October, with its stock price slightly increasing to $333.56 in extended trading.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
