Coinbase Q1 2023 Revenue Beats Estimates As Markets Rebound

Bloomberg2023-05-05

See interest income hurt by USD Coin’s lower market capCoinbase forecasts lower subscription and service revenuePhotographer: Tiffany Hagler-Geard/BloombergCoinbase Global Inc. posted a narrower loss ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

买香蕉也用券
2023-05-06
买香蕉也用券
Dripp
中蓝的中榕
2023-05-05
中蓝的中榕
bullish
runningjames
2023-05-05
runningjames
Great... Sell if profitable, might dip back below anytime

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1149598325?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-05 06:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1149598325","market":"us","top_or_hot":-1,"title":"Coinbase Q1 2023 Revenue Beats Estimates As Markets Rebound","media":"Bloomberg","content":"<div>\n<p>See interest income hurt by USD Coin’s lower market capCoinbase forecasts lower subscription and service revenuePhotographer: Tiffany Hagler-Geard/BloombergCoinbase Global Inc. posted a narrower loss ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-05-04/coinbase-posts-narrower-quarterly-loss-revenue-beats-estimate\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q1 2023 Revenue Beats Estimates As Markets Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q1 2023 Revenue Beats Estimates As Markets Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-05 06:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-05-04/coinbase-posts-narrower-quarterly-loss-revenue-beats-estimate><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>See interest income hurt by USD Coin’s lower market capCoinbase forecasts lower subscription and service revenuePhotographer: Tiffany Hagler-Geard/BloombergCoinbase Global Inc. posted a narrower loss ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-05-04/coinbase-posts-narrower-quarterly-loss-revenue-beats-estimate\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-05-04/coinbase-posts-narrower-quarterly-loss-revenue-beats-estimate","article_id":"1149598325","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149598325","pubTimestamp":1683240629,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"See interest income hurt by USD Coin’s lower market capCoinbase forecasts lower subscription and ser","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"随着市场反弹，比特币基地2023年第一季度收入超过预期","themeId":"ec9f6f0df2b6498587e7f5318b2eff2b","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":0.9},"content_text":"See interest income hurt by USD Coin’s lower market capCoinbase forecasts lower subscription and service revenuePhotographer: Tiffany Hagler-Geard/BloombergCoinbase Global Inc. posted a narrower loss and a smaller-than-estimated revenue decline, as the biggest US digital-asset trading platform saw first-quarter results stabilize somewhat during a rebound in cryptocurrency prices. The loss narrowed to about $79 million, from $430 million, in the year-earlier period, the company said in a statement. It was the fifth consecutive quarterly loss. Revenue fell by about 34% to $772.5 million, though it increased from the fourth quarter, when token prices tumbled amid a series of industry scandals and bankruptcies. The average of estimates compiled by Bloomberg for revenue was about $654 million. Looking ahead, the crypto industry “continues to be volatile, as evidenced most recently by the disruptions in the banking sector and ongoing regulatory uncertainty,” Coinbase said in an investor letter. “We continue to focus on our cost reduction efforts.”For the second quarter, the company expects lower subscription and service revenue from the first quarter, driven by lower USD Coin market capitalization, it said. Interest income from USD Coin was $199 million, according to the letter. Coinbase has been navigating a market downturn and a difficult US regulatory environment. The company, which cut staff by 20% in January, faces more uncertainty after receiving a notice from the US Securities and Exchange Commission in March threatening to sue it over several business lines. The company provided an updated headcount of 3,535 full-time employees, a 29% decline from the same quarter last year.Despite Coinbase “operating in a very challenging regulatory and business environment in the first quarter,” the company still turned into positive adjusted Ebitda,  said Owen Lau, an analyst of Oppenheimer & Co. “I think that’s a substantial turnaround that the market has not given them enough credit for.”  Shares of Coinbase rose about 8% in after-hours trading. The stock, which is down almost 90% since its April 2021 debut, has jumped around 40% this year.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9947524810,"gmtCreate":1683316401531,"gmtModify":1683316405476,"author":{"id":"4109941540501062","authorId":"4109941540501062","name":"买香蕉也用券","avatar":"https://community-static.tradeup.com/news/bd3a71caa40eb6e0d2468ff0ffa1a967","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":1,"idStr":"4109941540501062","authorIdStr":"4109941540501062"},"htmlText":"Dripp","listText":"Dripp","text":"Dripp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947524810","repostId":1149598325,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947599175,"gmtCreate":1683261195398,"gmtModify":1683261199651,"author":{"id":"4115942724488802","authorId":"4115942724488802","name":"中蓝的中榕","avatar":"https://community-static.tradeup.com/news/08d497b0dc9c6ea2bbc5fbad09b071f9","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":8,"crmLevelSwitch":1,"idStr":"4115942724488802","authorIdStr":"4115942724488802"},"htmlText":"bullish","listText":"bullish","text":"bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947599175","repostId":1149598325,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947279448,"gmtCreate":1683241194885,"gmtModify":1683241198551,"author":{"id":"4117336023184202","authorId":"4117336023184202","name":"runningjames","avatar":"https://community-static.tradeup.com/news/3467c93ce8ec8c583f28f405e68f0c00","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"idStr":"4117336023184202","authorIdStr":"4117336023184202"},"htmlText":"Great... Sell if profitable, might dip back below anytime&nbsp;","listText":"Great... Sell if profitable, might dip back below anytime&nbsp;","text":"Great... Sell if profitable, might dip back below anytime","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947279448","repostId":1149598325,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":3,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1149598325"}