Coinbase Shares Tumble 16% on Q1 Miss

StreetInsider2022-05-11

Coinbase shares dropped more than 16% after-hours following the company’s reported Q1 results, with EPS of ($1.98) coming in significantly worse than the consensus estimate of $0.05. Revenue was $1.17...

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Comments

jazzspeed
2022-05-11
jazzspeed
fuiyoh... how low this counter would go?
Steven Tay
2022-05-11
Steven Tay
Like
Mindthink
2022-05-11
Mindthink
Ok
SCLIEW
2022-05-11
SCLIEW
666
ASMH
2022-05-11
ASMH
Like
Kitsonlin
2022-05-11
Kitsonlin
Morning

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Revenue was $1.17...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20051913\">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":null,"symbol_name":null,"start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=20051913","article_id":"2234642350","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2234642350","pubTimestamp":1652224532,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Coinbase shares dropped more than 16% after-hours following the company’s reported Q1 results, with ","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Coinbase股价在第一季度下跌16%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Coinbase shares dropped more than 16% after-hours following the company’s reported Q1 results, with EPS of ($1.98) coming in significantly worse than the consensus estimate of $0.05. 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Revenue was $1.17...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20051913\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=20051913","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2234642350","content_text":"Coinbase shares dropped more than 16% after-hours following the company’s reported Q1 results, with EPS of ($1.98) coming in significantly worse than the consensus estimate of $0.05. Revenue was $1.17 billion, missing the consensus estimate of $1.5 billion.The trend of lower crypto asset prices and volatility that began in late 2021 negatively affected Q1 results. Monthly Transacting Users (MTUs) decreased 19% quarter-over-quarter to 9.2 million. Total trading volume dropped 44% quarter-over-quarter to $309 billion. The decline was consistent with the broader crypto spot market, which also was down 44%. Subscription and services revenue decreased 29% quarter-over-quarter to $152 million in Q1.The company provided its Q2/22 outlook, expecting MTUs and total trading volume to be lower in Q2 compared to Q1. 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