COIN Earnings Prediction
The chart below shows how COIN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, COIN sees a -0.24% change in stock price 10 days leading up to the earnings, and a +2.70% change 10 days following the report. On the earnings day itself, the stock moves by -0.94%. This data can give you a slight idea of what to expect for the next quarter's release.
COIN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.21B
78.77%
-16.86%
Gross Margin
85.75%
-0.94%
-1.20%
Operating Margin
14.05%
212.94%
-45.56%
Net Margin
6.26%
1941.18%
151.41%
EPS
0.28
2900.00%
100.00%
No Data Available
COIN Earnings Analysis
Coinbase Global, Inc. Class A Common Stock Corporation (COIN.O) Earnings Conference Call
Positive
Strong Revenue Performance: Coinbase reported a total revenue of $1.2 billion for Q3 2024, reflecting strong performance in a challenging market environment.
Consistent Positive EBITDA: The company achieved a positive adjusted EBITDA of $449 million, marking its seventh consecutive quarter of positive adjusted EBITDA.
Net Income Achievement: Coinbase's net income for the quarter was $75 million, demonstrating effective cost management and operational efficiency.
Total USD Resources Growth: The total USD resources increased by 5% quarter-over-quarter, ending the quarter at $8.2 billion, indicating a solid financial position.
Stock Repurchase Program: Coinbase announced a stock repurchase program authorized for up to $1 billion, showcasing confidence in its long-term growth prospects.
Negative
Trading Volume Decline: Total trading volume was $185 billion, down 18% quarter-over-quarter, driven by lower crypto asset volatility and average asset prices during the quarter.
Transaction Revenue Decline: Total transaction revenue was $573 million, down 27% quarter-over-quarter, indicating a significant decline in trading activity.
Operating Expenses Decline: Total Q3 operating expenses were $1 billion, down 6% quarter-over-quarter, suggesting cost management challenges amid declining revenues.
Crypto Investment Loss Impact: Adjusted EBITDA was $449 million, with net income impacted by $121 million in pretax losses on our crypto asset investment portfolio, indicating financial strain.
Net Income Volatility: Net income was $75 million, significantly affected by unrealized losses, highlighting the volatility and risk associated with crypto investments.
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COIN Earning Call Sentiment
Coinbase Global, Inc. (COIN) Q3 2024 Earnings Call Transcript
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COIN.O
-6.71%Positive
The earnings call presents a mixed outlook. While there are positives like a $1 billion stock buyback and strong balance sheet, there are significant negatives such as a 27% drop in total revenue and transaction revenue. The Q&A session reveals concerns about regulatory challenges and competitive pressures, but also highlights growth in stablecoin revenue and strategic international expansion. The lack of guidance for 2025 and unclear responses on certain metrics add uncertainty. These factors suggest a neutral stock price movement over the next two weeks.