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Coinbase reported a net loss of $359 million for the quarter ending June 30, with revenue falling 19% to $1.22 billion and earnings per share at a loss of $1.36. The loss was driven largely by a 25% drop in spot trading volume and accounting revaluations of crypto holdings, while transaction revenue declined to $599 million. Despite the headline loss, the company increased its share of global crypto trading volume to 10.3%, maintained positive adjusted EBITDA of about $208 million for the 14th consecutive quarter, and saw subscription and services revenue rise to $555 million, reflecting a shift away from reliance on transaction fees.
Coinbase’s net loss for the quarter was $359 million, a reversal from a $1.43 billion profit a year earlier.
Revenue declined 19% year‑over‑year to $1.22 billion, with transaction revenue dropping to $599 million.
The platform’s share of worldwide crypto trading volume grew to 10.3% from 9.1% in the prior quarter.
Adjusted EBITDA remained positive at roughly $208 million for the 14th straight quarter.
Subscription and services revenue reached $555 million, now comprising nearly half of net revenue.
The loss stemmed from a 25% decline in spot trading volume, lower transaction revenue, and accounting revaluations of its crypto holdings.
Yes, its share of global crypto trading volume increased to 10.3%, up from 9.1% in the previous quarter.
Coinbase reported positive adjusted EBITDA of about $208 million, indicating ongoing cash generation despite the net loss.
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