Coinbase reports $ 2.3 billion in revenue, eclipse analysts expectations

On February 13, Coinbase reported its revenues for the fourth quarter of 2024 amounted to $ 2.3 billion, which was equivalent to a modified share per share $ 4.68, up from $ 1.04 in the same quarter of 2023.

Its quarterly revenues increased by 88 % on an annual basis, which was translated into a net income of $ 1.3 billion for this period.

The company also informed a full year revenue of $ 6.6 billion, net income of $ 2.6 billion, and on profits before benefits, taxes, depreciation, and modified consumption (before interest, taxes, consumption and firefighting) of $ 3.3 billion.

Our financial results Q4 and FY 2024 are now directly. pic.twitter.com/R5LUW7PWI9

– Coinbase ️ (Coinbase) February 13, 2025

Coinbase Eclipses expectations

Al -abundance revenues a report Analysts’ expectations, which were $ 1.36 profits on $ 1.59 billion in revenues.

The company achieves the lion’s share of its profits from the highest transaction fees in the industry, with the increase in transaction revenues in the quarter by 172 % to $ 1.6 billion.

This is equivalent to approximately 70 % of its total revenue, which was primarily driven by the encryption market gains, which increased by 45 % during the three -month period.

Coinbase’s subscription and services revenues increased by 15 % to $ 641 million, and Stablecoin’s revenues increased by 31 % on an annual basis to $ 226 million. Meanwhile, Blockchain Rewards increased by 39 % to $ 215 million, and guard fee revenues have become 36 % to $ 43 million.

Coinbase’s executives, including CEO, Brian Armstrong, believe that Crypto is entering a golden age, as it is transmitted from the category of specialized assets to the prevailing financial infrastructure.

“It was the dawn of a new encryption era. Crypto’s voice was loud in a loud and clear in the American elections, and the era of organization through the enforcement that paralyzed our industry in the United States on its way to go out.”

The company plans to expand its international business in 2025 and seeks to obtain growth in subscription and services revenues, including retail. Coinbase also aims to make the leading USDC in Stablecoin, and to benefit from network effects and compliance features.

Currency stock reaction

Coinbase shares increased by 8.4 % a day to $ 298 before settling at a little less than $ 294 in trading after working hours, According to To Google Finance.

The currency increased by 20 % on an annual basis, and beat the encryption markets, which has already decreased by 2.5 % since January 1. Since the same time last year, Coinbase shares increased by 112 %, and have overcame the encryption market gains by 69 % over the same period.

It was not more polished $ Currency. Tldr: A very rising call to date. Ignore after the market price .. we are higherbrian_armstrong In Call Now: “Crypto Going Dearstream, Coinbase will be the platform that will run many of these companies that integrate with encryption, it’s …

Zach Light ️ (@zachlight16) February 13, 2025