Coinbase (COIN) earnings Q3 2022


In this photo illustration, the Coinbase logo is displayed on a smartphone screen.

Rafael Henrique | SOPA Images | Lightrocket | Getty Images

Coinbase reported user numbers that topped analysts’ estimates even as third-quarter revenue missed estimates and the cryptocurrency exchange had a wider-than-expected loss. The stock popped in extended trading.

Here’s how the company did:

  • Earnings: Loss of $2.43 per share, adjusted, vs. loss of $2.40 per share as expected by analysts, according to Refinitiv.
  • Revenue: $590 million, vs. $654 million as expected by analysts, according to Refinitiv.

Revenue plummeted more than 50% from a year earlier as traders turned away from cryptocurrencies. The…

Source cnbc.com

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