Coinbase shares fell 6% after the company reported weaker-than-expected quarterly results π
The company posted a loss of $1.36 per share, missing analysts' expectations π°
Revenue reached $1.2 billion, below the $1.3 billion forecast π
It was the third straight quarter that Coinbase missed both revenue and earnings estimates β οΈ
Management attributed the results to weak crypto trading and lower market activity.
Stablecoin revenue also missed expectations, while subscription revenue grew to $555 million.
Analysts continue to encourage Coinbase to diversify beyond trading-related revenue π
Today's Pill - building multiple revenue streams can help crypto companies better navigate periods of lower market activity π
The company posted a loss of $1.36 per share, missing analysts' expectations π°
Revenue reached $1.2 billion, below the $1.3 billion forecast π
It was the third straight quarter that Coinbase missed both revenue and earnings estimates β οΈ
Management attributed the results to weak crypto trading and lower market activity.
Stablecoin revenue also missed expectations, while subscription revenue grew to $555 million.
Analysts continue to encourage Coinbase to diversify beyond trading-related revenue π
Today's Pill - building multiple revenue streams can help crypto companies better navigate periods of lower market activity π