Reported about 2 months ago
Coinbase's Q2 2024 earnings reveal a mixed performance with total revenue of $1.4 billion, an 11% decrease from the previous quarter but a 108% increase year-over-year. Transaction revenue fell by 27%, while subscription and services revenue rose by 17%. Despite a pre-tax loss of $319 million on crypto investments, Coinbase achieved a net income of $36 million and an Adjusted EBITDA of $596 million. The company is also focusing on enhancing product offerings, reducing transaction friction, and progressing regulatory clarity.
Source: YAHOO