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Coinbase Q4 Earnings Highlights: Revenue Beat, January Update And Why Company Says It Wins With Crypto Regulation

Benzinga Real-time News ·  Feb 21, 2023 18:27  · Earnings

Cryptocurrency platform company$Coinbase (COIN.US)$announced fourth-quarter financial results after the market close Tuesday. Here are the key highlights.

What Happened:Coinbase reported fourth-quarter revenue of $629.1 million, which came in ahead of a Street estimate of $586.2 million, according to data from Benzinga Pro.

The company reported net revenue of $605 million in the fourth quarter, up 5% quarter-over-quarter. Transaction revenue was $322 million in the fourth quarter, down 12% quarter-over-quarter. Subscription and services revenue was $283 million in the fourth quarter, up 34% quarter-over-quarter.

Coinbase reported a loss of $2.46 per share in the fourth quarter, which missed a Street...

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