Earnings

Coinbase (COIN) earnings Q2 2021

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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

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