In brief
Coinbase blew away expected revenue figures
The company posted record user numbers, reversing an earlier decline
Coinbase also showed signs it is diversifying its revenue base
Coinbase defied analyst predictions on Thursday by announcing it made nearly $2.5 billion in revenue last quarter, while its monthly active user base swelled to 11.4 million.
The revenue figure was the highest ever for Coinbase, coming in well above the $1.97 billion consensus estimate, while the user figure, also a record, reversed a recent decline that saw the company’s user base drop to 7.4 million in Q3.
Coinbase posted of profits of $840 million last quarter, which was double the previous one, but shy of the record $1.6 billion it made in the second quarter of last year.
This story will be updated with more details shortly.
https://decrypt.co/93763/coinbase-posts-record-revenue-user-numbers-in-q4-earnings-surprise
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Source: https://decrypt.co/93763/coinbase-posts-record-revenue-user-numbers-in-q4-earnings-surprise
