Coinbase shares fell as first-quarter revenue came in shy of Wall Street’s expectations, despite the growth in stablecoin revenue.
In the quarter ended March 31, Coinbase earned $65.6 million, or 24 cents per share, down from $1.18 billion, or $4.40 a share a year ago. Excluding the impact of crypto investments, Coinbase’s adjusted earnings were $527 million, or $1.94 per share.
Revenue rose to $2.03 billion from $1.64 billion a year ago, but was shy of the $2.12 billion consensus estimate from LSEG.
Revenue from transactions tallied $1.26 billion in the quarter, while subscription and services revenue came in at $698.1 million in the quarter.
Source: https://www.cnbc.com/2025/05/08/coinbase-coin-earnings-q1-2025.html