Coinbase’s Staggering Revenue: A Financial Fantasy! 🤑
Get ready for your mind to be blown! Coinbase, the cryptocurrency exchange platform, has just reported revenue for Q4 of 2024 that will leave you speechless!
A cool $2.3 billion, which is up by a whopping 88% from the same time last year! And that’s not all! Their net income for the quarter was a jaw-dropping $1.3 billion. Just let that sink in for a moment!
The firm’s full-year revenue was $6.6 billion, with a net income of $2.6 billion. And if that’s not enough to make your eyes pop, their Adjusted EBITDA was $3.3 billion. Not too shabby, huh?
Coinbase’s revenue report has left analysts with their jaws on the floor, as it completely surpassed their expectations of $1.36 on revenue of $1.59 billion.
The crypto market gains have been a significant factor in Coinbase’s success, with transaction revenue surging by 172% to $1.6 billion. That’s nearly 70% of its total revenue!
Coinbase’s CEO, Brian Armstrong, and his team are over the moon about the success, believing that crypto is entering a new era, transitioning from a niche asset class to mainstream financial infrastructure.
Coinbase’s stock has surged by 8.4% on the day to $298, and it’s up by 20% year-to-date. Since the same time last year, Coinbase shares have surged by 112%. Ka-ching!
In short, Coinbase’s revenue report is a financial fantasy come true! 💰
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2025-02-15 10:10