Coinbase Reports $2.27 Billion in Q4 Revenue Exceeding Estimates
Coinbase (COIN) reported strong fourth quarter results with a 138% year-over-year increase in revenue, reaching $2.27 billion, surpassing the consensus estimate of $1.84 billion and up from $1.26 billion in the previous quarter.
- Adjusted earnings were $1.3 billion, exceeding expectations of $906.9 million.
- Trading volume reached $439 billion, a 185% increase from the previous year.
- Transaction revenue totaled $1.56 billion, up 194% year-over-year.
CEO Brian Armstrong highlighted the positive impact of crypto on U.S. elections, stating that regulatory challenges are diminishing. He outlined goals for 2025 focused on revenue growth and utility enhancement.
After-hours trading showed modest gains, following an 8.5% rally during regular trading after favorable results from Robinhood.