Coinbase Reports Q3 Revenue of $1.216 Billion
Coinbase Global reported third-quarter revenue of $1.216 billion, missing Wall Street estimates, while prediction markets reached $200 million in annualized revenue.
Coinbase Global reported its third-quarter financial results after the market close on Thursday, posting revenue of $1.216 billion. According to YahooStocks0, the revenue figure represents a 35% decrease compared to the same period in the previous year.
The quarterly revenue total missed the Street consensus estimate of $1.230 billion. Alongside the financial disclosures, the company highlighted that its prediction markets achieved an annualized revenue run rate of $200 million.
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Key facts
- Q3 revenue reached $1.216 billion, down 35% year-over-year.
- Revenue missed the Street consensus estimate of $1.230 billion.
- Prediction markets hit a $200 million annualized revenue rate.
Source: benzinga.com
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