Coinbase’s Q4 Revenue Hits $2.27B, Far Exceeding $1.84B Estimate

Coinbase Surpasses Q4 Estimates with $2.27B Revenue, Driven by Crypto Market Surge

Coinbase (COIN) exceeded analyst expectations in its fourth-quarter earnings, reporting a remarkable 138% year-over-year revenue increase, fueled by a crypto market boom following Donald Trump’s election victory.

The U.S.-based cryptocurrency exchange posted $2.27 billion in revenue, surpassing the $1.84 billion consensus estimate and a significant jump from $1.26 billion in the prior quarter. Adjusted earnings for the quarter totaled $1.3 billion, exceeding the expected $906.9 million.

Coinbase’s trading volume soared to $439 billion, up 185% compared to last year, while transaction revenue spiked by 194% to $1.56 billion.

In a letter to shareholders, CEO Brian Armstrong stated, “Crypto had a strong presence in the U.S. elections, and the era of restrictive regulation is coming to an end.” He added that the company’s goals for 2025 include boosting revenue, expanding utility, and strengthening its foundation.

While Coinbase’s stock rose modestly in after-hours trading, it had already gained 8.5% during the regular trading session, driven by positive Q4 results from Robinhood.

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