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 +3.83% change in stock price 10 days leading up to the earnings, and a +1.72% change 10 days following the report. On the earnings day itself, the stock moves by +0.95%. 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
2.27B
138.17%
88.49%
Gross Margin
86.04%
-0.92%
0.34%
Operating Margin
44.81%
489.61%
218.93%
Net Margin
56.84%
98.26%
807.99%
EPS
4.71
441.38%
1582.14%
No Data Available
COIN Earnings Analysis
Coinbase Global Inc Corporation (COIN.O) Earnings Conference Call
Positive
Record Revenue and EBITDA Growth: In 2024, Coinbase's total revenue more than doubled to $6.6 billion, with adjusted EBITDA reaching $3.3 billion, marking two consecutive years of positive adjusted EBITDA.
Subscription Revenue Surge: Subscription and services revenue surged by 64% year-over-year to $2.3 billion, driven by USDC, staking, and Coinbase ONE.
Market Share Milestone: Coinbase achieved an all-time high for both U.S. Spot and global derivatives market share in Q4, reflecting strong competitive positioning in the market.
Consumer Transaction Surge: Consumer transaction revenue increased by 179% to $1.3 billion, supported by a 176% rise in consumer trading volume, which reached $94 billion in Q4.
Platform Asset Growth: Assets on the platform grew to $4 billion, representing approximately 12% of the total crypto market cap, indicating strong customer trust and engagement.
Negative
Subscription Revenue Decline: Subscription and services revenue declined by $21 million or 9% due to a lower interest rate environment and the impact of new EUSDC ecosystem participants, which offset growth from USDC market cap increases.
Operating Expenses Increase: Total operating expenses increased by 19% to $1.2 billion, driven by higher transaction expenses and a collective growth of over $84 million in technology, development, general and administrative, and sales and marketing costs.
Trading Volume and Margins: Despite a strong trading volume increase of 137%, the retail trading fee rate increased slightly, indicating potential pressure on margins as trading volume surges.
Crypto Gains Impact Earnings: The net income of $1.3 billion was significantly bolstered by $476 million in pretax gains on crypto asset investments, with the majority being unrealized, raising concerns about the sustainability of earnings.
Regulatory Change Impact: The company faced a regulatory change with the SEC's rescission of SAB 121, which may complicate the reporting of customer assets and liabilities, potentially impacting investor confidence.
COIN FAQs
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COIN Earning Call Sentiment
Earnings call transcript: Coinbase Q4 2024 sees strong revenue growth
COIN.O
0.22%Positive
The earnings call highlights significant growth in revenue, institutional trading volume, and market share, alongside a strong balance sheet and strategic international expansion. While there are some concerns about stablecoin revenue and unclear management responses in the Q&A, the positive financial performance and shareholder return plan, including a $1 billion stock buyback, suggest a positive stock price movement over the next two weeks.
