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Will Coinbase's total trading volume in Q3 2024 exceed $226 billion?
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Coinbase's Q3 2024 earnings report
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Coinbase Reports Strong Q2 2024 Earnings with $1.45B Revenue and EPS of $0.14
Aug 1, 2024, 08:15 PM
Coinbase reported its Q2 2024 earnings, revealing a revenue of $1.45 billion, surpassing the estimated $1.39 billion, reflecting a 105% year-over-year growth. The company's earnings per share (EPS) stood at $0.14, matching expectations. Despite earlier projections of a decline, Coinbase's transaction revenue reached $780.9 million, exceeding the estimated $745.1 million. The total trading volume was reported at $226 billion, also surpassing expectations. Adjusted EBITDA for the quarter was $596 million, a significant increase from $189 million last year. Net income for the quarter was $36 million, a reversal from a $97 million loss in the previous year. The resurgence in crypto trading volumes contributed to the positive results. Coinbase also provided guidance for Q3, projecting subscription and service revenue between $530 million and $600 million.
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