Coinbase Global Inc (NASDAQ:COIN) reported fourth-quarter financial results Thursday after the market close. Here’s a look at the key metrics from the quarter.
Q4 Earnings: Coinbase reported fourth-quarter revenue of $953.79 million, which beat the consensus estimate of $822.36 million, per Benzinga Pro. The company reported surprise quarterly earnings of $1.04 per share, which easily beat analyst estimates for a loss of 1 cent per share.
Coinbase has now beat analyst estimates on the top and bottom line in four consecutive quarters, according to Benzinga Pro.
Transaction revenue increased 83% quarter-over-quarter to $529 million, primarily driven by higher volatility and crypto asset prices. Subscription and services revenue increased 12% quarter-over-quarter to $375 million.
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