{"id":141016,"date":"2024-10-30T22:46:44","date_gmt":"2024-10-30T20:46:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=141016"},"modified":"2024-10-30T22:46:44","modified_gmt":"2024-10-30T20:46:44","slug":"coinbases-q3-earnings-disappoint-as-revenue-falls-below-expectations","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbases-q3-earnings-disappoint-as-revenue-falls-below-expectations\/","title":{"rendered":"Coinbase&#8217;s Q3 Earnings Disappoint as Revenue Falls Below Expectations"},"content":{"rendered":"<p>The crypto exchange reported total revenue of $1.2 billion, missing the $1.26 billion estimate, while earnings per share were $0.28 compared to an expected $0.45. Adjusted EBITDA of $449 million also came in below the projected $469.2 million.<\/p>\n<p>In a shareholder letter, the company attributed its challenges to tough market conditions, despite seeing some areas of growth.<\/p>\n<p>Anil Gupta, Coinbase\u2019s VP of investor relations, noted that volatility impacted trading revenues, which dropped 27% from the second quarter due to decreased trading volumes across U.S. exchanges.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/breaking-microstrategy-unveils-plan-to-buy-42-billion-in-bitcoin\/\" title=\"BREAKING: MicroStrategy Unveils Plan to Buy $42 Billion in Bitcoin\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-magazine-Microstrategy-1200x794-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">BREAKING: MicroStrategy Unveils Plan to Buy $42 Billion in Bitcoin<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Year-to-date, Coinbase\u2019s stock has risen about 22%, but the regulatory landscape remains uncertain. The exchange is diversifying its revenue sources, recently launching a feature for instant fund transfers for Visa debit card users and expanding its custody services and participation in tokenizing real-world assets.<\/p>\n<p>Furthermore, Coinbase is focusing on enhancing its user experience and integrating innovative solutions to attract more users, showcasing its commitment to adapting in a challenging market while seeking to position itself as a leader in the evolving crypto space.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase&#8217;s third-quarter earnings report fell short of Wall Street expectations, causing a nearly 7% decline in its stock during after-hours trading.<\/p>\n","protected":false},"author":3,"featured_media":34028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-141016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase&#039;s Q3 Earnings Disappoint as Revenue Falls Below Expectations<\/title>\n<meta name=\"description\" content=\"Coinbase&#039;s third-quarter earnings report fell short of Wall Street expectations, causing a nearly 7% decline in its stock during ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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