Coinbase Q3 Earnings Highlights: Revenue Miss, EPS Miss, Transaction Revenue Falls From Q2
Cryptocurrency platform company Coinbase Global (NASDAQ:COIN) reported third-quarter financial results after the market close Wednesday.
Here are the key highlights.
What Happened: Coinbase reported third-quarter revenue of $1.21 billion, which missed a Street consensus estimate of $1.26 billion, according to data from Benzinga Pro.
The company reported earnings of 28 cents per share, which missed a Street consensus estimate of 42 cents per share.
Coinbase’s third quarter marked a seventh consecutive quarter of positive adjusted EBITDA, which came in at $449 million.
Coinbase trading volume was $185 billion in the third quarter, down 18% quarter-over-quarter. Transaction revenue was $573 million in the third quarter, down 27% quarter-over-quarter.
Consumer transaction revenue was $483.3 million, which was down …
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