{"id":25889,"date":"2025-05-08T21:01:48","date_gmt":"2025-05-08T21:01:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25889"},"modified":"2025-05-08T21:01:48","modified_gmt":"2025-05-08T21:01:48","slug":"coinbase-earnings-sales-disappoints-wall-street-as-trading-volume-drops-10-amid-market-turmoil","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25889","title":{"rendered":"Coinbase Earnings, Sales Disappoints Wall Street as Trading Volume Drops 10% Amid Market Turmoil"},"content":{"rendered":"
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Coinbase (COIN) reported<\/a> a significant drop in revenue in the first quarter of the year, missing analyst estimates, as markets cooled amid economic uncertainty in the U.S.<\/p>\n<\/p>\n

The crypto exchange said it recorded $2 billion in revenue, down from $2.27 billion in the fourth quarter and lower than Street estimates of $2.1 billion. The company also reported earnings per share of $0.24, missing the average analyst estimate of $1.93, according to FactSet data. <\/p>\n<\/p>\n

Trading volume fell 10% to $393.1 billion quarter over quarter and transaction revenue came in at $1.3 billion, about 19% lower than in the fourth quarter.<\/p>\n<\/p>\n

\u201cQ1 saw increased average Crypto Asset Volatility with BTC reaching a new all-time high price in January. However, crypto prices dropped alongside broader market declines driven by tariff policy and macroeconomic uncertainty,\u201d Coinbase wrote in a letter to shareholders.<\/p>\n<\/p>\n

Analysts at J.P. Morgan, Barclays, and Compass Point had all slashed their forecasts<\/a> before the earnings report as crypto trading volume slowed sharply since January amid uncertainties about the future of the U.S. economy.<\/p>\n<\/p>\n

Trading platform Robinhood (HOOD), whose retail-focused clientele is often compared to Coinbase\u2019s trader base, in April reported<\/a> a 13% drop in transaction-based revenue.<\/p>\n

The shares of the crypto exchange fell 2.7% in post-market trading on Thursday. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Coinbase (COIN) reported a significant drop in revenue in the first quarter of the year, missing analyst estimates, as markets cooled amid economic uncertainty in the U.S. The crypto exchange said it recorded $2 billion in revenue, down from $2.27 billion in the fourth quarter and lower than Street estimates of $2.1 billion. The company […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25889","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25889"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25889\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}