Coinbase significantly exceeded Wall Street's expectations for Q1 2024, reporting earnings per share (EPS) of $4.40, far surpassing the estimated $1.07. The cryptocurrency exchange also reported a revenue of $1.64 billion, beating the forecast of $1.32 billion. This performance was attributed to a surge in cryptocurrency prices which boosted trading volumes and profits, and net income benefited from $737 million in pre-tax crypto asset mark-to-market gains. Despite these strong results, Coinbase's stock experienced a 1% decline in after-hours trading.
🎯🎯🎯 On the ball for every line item. Can't get closer than this. The only difference comes from me ignoring Base sequencer revenue which I calculated as $30 million in the report. Coinbase now puts it under a different head under "Other Transaction Revenue". https://t.co/PCrbxRT17G https://t.co/UAocUNaC2c
*COINBASE'S PROFITS JUMP TO $1 BILLION AS TRANSACTION REVENUE SOARS - THE BLOCK PRO
Sell in May and go away in Bitcoin? @MadsEberhardt with all the data here -> https://t.co/OQyGuqYCFr https://t.co/qxyr0yZ2nN
Coinbase posted higher-than-forecast first-quarter revenue and profit as a resurgence in cryptocurrency prices reawakened demand from individual investors. https://t.co/4q8rUfz46j
Coinbase posted higher-than-forecast first-quarter revenue and profit as a resurgence in cryptocurrency prices reawakened demand from individual investors. https://t.co/HH4kDvq5qx
"Q1 was a very strong quarter for @Coinbase and we saw growth across the board" CFO Alesia Haas told @JonFortt, adding that #bitcoin ETFs benefitted the company and ecosystem $COIN https://t.co/4rFAYQzlZd
JUST IN: Coinbase impressed Wall Street with its earnings on Thursday, posting beats across the board
$COIN 1H Massive rev beat vs expectations however obviously street knew so this was front run today (+ 17%) post market briefly down - 5% ~ Profit taking imo https://t.co/lZBKIfYNP0 https://t.co/pcp6byr7Fl
the only explanation i have for why Coinbase is down 5% after hours despite smashing the earnings is that cryptonatives frontran the earnings report all day today then dumped. buy rumor sell news
Epic news from $COIN. @coinbase continues to lead the way!!
Coinbase absolutely smashes earnings but down 4% after hours https://t.co/FC2qoNpS5t
To the absolute shock of no one, who could've guessed that wall street didn't account for BASE or custodial fees. THIS IS HOW I WIN https://t.co/tYy1ld1uqE
⚠️BREAKING: *COINBASE 1Q REVENUE $1.64B, EST. $1.30B $COIN https://t.co/IY3iyLvrvP
why is @coinbase down AH? they beat hard. Coinbase GAAP EPS of $4.40 beats by $3.33, revenue of $1.64B beats by $300M
Coinbase double beat. CEO: ". Net income benefited from $737 million in pre-tax crypto asset mark-to-market gains, the vast majority of which were unrealized" $COIN: -3.3% AH https://t.co/IJGv7z18Ub
Coinbase trade volumes: Retail: Q4 2021 $177b Q1 2024 $56b 31.6% of ATHs Institutional: Q4 2021 $371b Q1 2024 $256b 69.0% of ATH More indication that retail has not returned yet. https://t.co/lNDFRf6drG
Coinbase crushed estimates because Wall Street didn’t realize that BASE only pays like $15 a day to Ethereum
Breaking: @coinbase beats earnings expectations Q1 revenue $1.64b estimated $1.32b $COIN. Bullish.
⚠️ COINBASE POSTS SOARING PROFIT ON JUMP IN CRYPTO PRICES Full Story → https://t.co/P2YLlJDgnN Coinbase Global posted a sizable jump in profit in the first-quarter, helped by an uptick in cryptocurrency trading following the launch of the first U.S. spot bitcoin… https://t.co/3Xk9kMGvDJ
Coinbase beats earnings estimates $1.64B in revenue for the quarter vs. $1.34B expected
Coinbase reports first-quarter revenue beat after bitcoin rally leads surge in profit https://t.co/IJrAyioqCm
Wall Street estimates for Coinbase’s earnings per share were $1.07. The actual EPS came in at $4.40 Blowout number 🤯
Nice EPS beat for Coinbase Q1 earnings $4.40 - higher than street estimate of $1.05 Total rev came in at $1.6bn Institutional trading revenue increased 133% QoQ
UPDATE: $COIN crushed earnings, but something is off ▪ Q1 EPS $4.40, beating expectations of $1.01 ▪ Revenue $1.64B, beating expectations of $1.3B The stock is DOWN 1%...interesting https://t.co/tJUodtboh0
Oh? "Coinbase earnings results are now onchain, with over half a million mints of last quarter's earnings NFT. Follow @coinbase for live updates on this quarter's results, and once earnings are live, mint the new NFT to commemorate each milestone in our ongoing effort to…
BREAKING: @COINBASE BEATS EARNINGS
Coinbase, $COIN, earnings: - EPS: $4.4, est: $1.07 - Rev: $1.64 billion, est: $1.32 billion https://t.co/E9SOE2vSsi
COINBASE EARNINGS JUST OUT $COIN *COINBASE 1Q REV. $1.64B, EST. $1.32B ( BEAT ✅ ) COINBASE 1Q EPS $4.40, EST. $1.07 ( BEAT ✅ ) $COIN https://t.co/6s5RRnWBqY
COINBASE $COIN EARNINGS EPS: $4.40 vs. $1.04 est. REV: $1.64B vs. $1.32B est. https://t.co/Vzk7soaiSm
$COIN *COINBASE 1Q REV. $1.64B, EST. $1.32B
$COIN COINBASE 1Q REV. $1.64B, EST. $1.32B COINBASE SEES 2Q SUBSCRIPTION AND SERVICES REV. $525M-$600M
COINBASE $COIN JUST REPORTED EARNINGS EPS of $4.40 beating expectations of $1.05 Revenue of $1.6B beating expectations of $1.34B
Coinbase 1Q EPS $4.40, Est. $1.07 Coinbase 1Q Rev. $1.64b, Est. $1.32b Coinbase Sees 2Q Subscription and Services Rev. $525m-$600m
*COINBASE 1Q REV. $1.64B, EST. $1.32B *COINBASE SEES 2Q SUBSCRIPTION AND SERVICES REV. $525M-$600M $COIN
*COINBASE 1Q REV. $1.64B, EST. $1.32B: BBG
Coinbase $COIN reports earnings today after the markets close, Wall ST is expecting numbers of EPS of $1.05 up from -$0.34 in Q1 2023 Revenue of $1.34B up 73.5% YoY
Coinbase $COIN reports Q1 2024 results in ~24 hours (May 2, after close). Here’s what Wall Street is predicting vs. last quarter: • Revenue: $1,321m (+39%) • Net Income: $281m (+3%) • EPS: $1.15 (+11%) • Assets on Platform: $288b (+46%) • Monthly Transacting Users: 8.4m… https://t.co/iQegWqQVgN
Tomorrow @coinbase reports earnings! Our calculator's projections: $1.9B total revenue, $1.06B txn revenue. Wall Street Estimates: $1.32B total, $768.3M txn. Can our calculator beat the suits once again? Delve into its parameters, deduct estimates, and share your forecasts! https://t.co/OVR5HnkNAx https://t.co/H7qvL621SW