Coinbase (COIN) earnings Q2 2021


Coinbase shares rose as much as 2.1% in extended trading Tuesday after reporting second-quarter revenue that was stronger than analysts had expected.

Here’s how the largest cryptocurrency exchange in the U.S. did versus expectations per Refinitiv estimates:

  • Revenue: $2.23 billion vs. $1.78 billion expected
  • Earnings: $3.45 per share, adjusted, which excludes stock-based compensation benefits vs. $2.33 expected

The company’s net profit for the quarter was $1.6 billion, up nearly 4,900% from a year earlier, following a volatile stretch of trading for cryptocurrencies.

Coinbase’s fate is tethered to the performance of digital assets like bitcoin. The company generated $2.0 billion in net revenue,…

Source cnbc.com

0 0 votes
Article Rating

The 5 most expensive cars selling at Pebble Beach this week

Previous article

PepsiCo and Boston Beer to create alcoholic Mountain Dew drink

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings