Earnings Report - Circle Internet Group is set to release its third-quarter earnings results on November 12, with analysts expecting earnings of 18 cents per share, a decrease from 25 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $699.57 million, significantly up from $195.05 million a year earlier [1] Recent Developments - On October 28, Circle Internet announced a partnership with Wyclef Jean, who will serve as the Global Culture Advisor [2] - Following the announcement, Circle Internet's shares fell by 5.6%, closing at $98.30 [2] Analyst Ratings - William Blair analyst Andrew Jeffrey initiated coverage with an Outperform rating [5] - JMP Securities analyst Devin Ryan initiated coverage with a Market Perform rating [5] - Canaccord Genuity analyst Joseph Vafi maintained a Buy rating with a price target of $247 [5] - Needham analyst John Todaro reiterated a Buy rating with a price target of $250 [5] - Deutsche Bank analyst Brian Bedell maintained a Hold rating and reduced the price target from $163 to $123 [5]

Circle CEO Jeremy Allaire is reportedly battling naysayers ahead of the company’s next earnings report.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Bloomberg published an interview with Allaire Tuesday (Nov. 11) ...

Core Insights - Circle is currently operating as a treasury money market trade with 76 billion USDC in circulation, backed by US short-term treasuries or cash equivalents [1][2] - The company's earnings are primarily derived from interest on these US treasuries, which constitutes about 80 to 90% of its revenue [2] - Upcoming earnings reports will focus on short-term instruments, interest earned, margins, enterprise adoption, and on-chain transactions [3] Company Performance - Circle is facing competition from Tether, which has seen increased global adoption as a stablecoin [4][5] - Circle is perceived as a more regulatory-backed stablecoin, focusing on enterprise use cases, which may help it gain market share [5][6] - The company has experienced a significant stock pullback of about 66% from its all-time highs post-IPO, trading around $100 per share [12][18] Market Dynamics - The macroeconomic environment, including recent rate cuts, poses challenges to Circle's earnings potential [2][8] - Adoption of USDC and stablecoins for cross-border transactions is crucial for Circle's growth, with a focus on increasing activity in Europe [9] - The cryptocurrency market, particularly Bitcoin, has shown limited momentum compared to equities, which may impact investor sentiment towards Circle [10]

Core Viewpoint - Cryptocurrency-related stocks showed strong pre-market performance, driven by market expectations of an imminent end to the U.S. government shutdown, alongside a notable increase in Bitcoin and Ethereum prices [1] Group 1: Stock Performance - Bitmine Immersion Technologies (BMNR.US) rose over 7% [1] - IREN Ltd (IREN.US) increased by more than 6% [1] - Cipher Mining (CIFR.US) gained nearly 5% [1] - Coinbase (COIN.US), Robinhood (HOOD.US), Circle (CRCL.US), and SoFi Technologies (SOFI.US) all saw increases of over 3% [1] Group 2: Cryptocurrency Price Movements - Bitcoin surged by 1.66%, currently priced at $106,462 [1] - Ethereum rose nearly 1%, currently priced at $3,615 [1]

Core Insights - Circle (CRCL.US) is set to announce its Q3 2025 earnings on November 12, with market expectations for revenue at $710 million and earnings per share at $0.17 [1] Group 1: Stablecoin Growth - Circle's Q3 performance is likely to benefit from the stable growth of its primary stablecoin, USDC, which increased from $61.3 billion at the end of Q2 to $65.2 billion by August 10, 2025 [2] - The on-chain transaction volume for USDC reached nearly $6 trillion in Q2, a 5.4-fold increase year-over-year, with July's transaction volume hitting $2.4 trillion [2] - The number of active wallets holding over $10 in USDC grew by 68% year-over-year, indicating increased adoption [2] Group 2: Product and Market Expansion - New products launched in the past year are expected to drive growth in the upcoming quarterly results, with Circle's payment network operational in Hong Kong, Brazil, Nigeria, and Mexico, attracting interest from over 100 financial institutions [3] - The introduction of Circle Gateway in July 2025 facilitates easier transfers of USDC across different blockchains [3] - The launch of Arc, a new Layer-1 blockchain designed for payments and financial applications, is also contributing positively to USDC's growth and usage [3] Group 3: Competitive Landscape - Circle has expanded partnerships with major exchanges like Binance and OKX, promoting the use of USDC and Circle's wallet technology on large trading platforms [4] - Collaborations with payment infrastructure companies such as FIS, Corpay, and Matera are integrating stablecoin technology into traditional financial systems [4] - However, Circle faces intense competition from established players like Coinbase, PayPal, and Fiserv, which are launching their own stablecoin and cryptocurrency services [4]

Core Viewpoint - Circle is expected to report its Q3 2025 earnings on November 12, with market expectations for revenue at $710 million and earnings per share at $0.17, driven by improved regulatory conditions and growing demand for stablecoins like USDC [1] Group 1: Performance Expectations - The anticipated Q3 performance is likely to benefit from the stable growth of USDC, which increased from $61.3 billion at the end of Q2 to $65.2 billion by August 10, 2025 [2] - USDC's on-chain transaction volume reached nearly $6 trillion in Q2, a 5.4-fold increase year-over-year, with July's transaction volume hitting $2.4 trillion [2] - The number of active wallets holding over $10 in USDC grew by 68% year-over-year, indicating increased user engagement [2] Group 2: Product and Market Expansion - New products launched in the past year are expected to drive growth in the upcoming quarterly results, with Circle's payment network operational in Hong Kong, Brazil, Nigeria, and Mexico, attracting interest from over 100 financial institutions [3] - The introduction of Circle Gateway in July 2025 facilitates easier transfers of USDC across different blockchains, enhancing user experience [3] - The launch of Arc, a new Layer-1 blockchain designed for payments and financial applications, is also contributing positively to USDC's growth and usage [3] Group 3: Competitive Landscape - Circle has expanded partnerships with major exchanges like Binance and OKX, promoting the use of USDC and Circle's wallet technology on large trading platforms [4] - Collaborations with payment infrastructure companies such as FIS, Corpay, and Matera are integrating stablecoin technology into the traditional financial system [4] - However, Circle faces intense competition from established players like Coinbase, PayPal, and Fiserv, which are launching their own stablecoin and cryptocurrency services [4]

Core Insights - Circle Internet Group, Inc. is scheduled to report its third-quarter 2025 results on November 12, with expectations of strong performance driven by the growth of its stablecoin, USD Coin (USDC) [1][8] Financial Performance - The Zacks Consensus Estimate for third-quarter revenues is $708.92 million, with earnings expected at 17 cents per share, revised upward by 5 cents in the last 30 days [2] - In the second quarter of 2025, Circle reported adjusted earnings of $1.02 per share, significantly exceeding the Zacks Consensus Estimate of 29 cents [3] Earnings Predictions - Circle has an Earnings ESP of +14.16% and holds a Zacks Rank 3 (Hold), indicating a favorable outlook for an earnings beat [4][5] Growth Drivers - The company experienced a rise in USDC circulation from $61.3 billion to $65.2 billion as of August 10, 2025, with on-chain USDC transaction volume reaching nearly $6 trillion in the second quarter, a 5.4 times increase year-over-year [6][8] - Institutional demand is increasing, with USDC held within Circle's platform growing tenfold compared to last year, representing 10% of total USDC circulation [7][9] Product Expansion - New products like the Circle Payments Network and Circle Gateway are enhancing global payment capabilities, with significant interest from over 100 financial institutions [8][9] - The launch of Arc, a new Layer-1 blockchain, is expected to further support Circle's growth in the payments sector [9] Market Performance - Circle shares have increased by 20.2% since their market debut on June 5, 2025, outperforming the Zacks Financial - Miscellaneous Services industry, which grew by 1.8% during the same period [10] - The stock's forward 12-month price-to-sales (P/S) ratio is 8.18X, significantly higher than the industry average of 3.25X, indicating a premium valuation [12][16] Competitive Landscape - Circle is expanding partnerships with major exchanges and payment infrastructure companies, enhancing USDC adoption in traditional finance [18] - However, the company faces competition from established players like Coinbase, PayPal, and Fiserv, which could impact its market share [19][21] Long-term Outlook - The improving regulatory environment and growing demand for stablecoins like USDC are positive indicators for Circle's long-term prospects [17][20]

Core Viewpoint - The cryptocurrency sector in the U.S. stock market continues to experience a downward trend, with several key stocks declining significantly [1] Group 1: Stock Performance - Cipher Mining (CIFR.US) fell over 6% [1] - Iren (IREN.US) dropped more than 8% [1] - Strategy (MSTR.US) decreased by 3% [1] - Robinhood (HOOD.US) declined nearly 2% [1] - Coinbase (COIN.US) saw a drop of over 1% [1] - Circle (CRCL.US) was an exception, rising more than 1% [1] Group 2: Cryptocurrency Price Movements - Bitcoin briefly fell below $100,000 [1] - Ethereum experienced a decline of over 3% during the day [1]

Core Viewpoint - Bitcoin experienced a short-term surge, rising over 2% and surpassing $103,000, positively impacting cryptocurrency-related stocks in the U.S. market [1] Group 1: Bitcoin Performance - Bitcoin's price increased by more than 2%, returning to above $103,000 [1] Group 2: Cryptocurrency Stocks Performance - Bitmine Immersion Technologies (BMNR.US) rose over 6% - Iren Ltd (IREN.US) increased by over 8% - Mara Holdings (MARA.US) gained over 4% - Coinbase (COIN.US) saw an increase of over 2.7% - Robinhood (HOOD.US) rose over 2% - Circle (CRCL.US) increased by over 1.8% - Strategy (MSTR.US) gained over 1.6% [1]

Group 1: Stock Movements and Company Announcements - China Duty Free Group (01880) saw a rise of over 3.9% after announcing its first interim dividend plan, proposing a distribution of 2.50 yuan per 10 shares, totaling approximately 517 million yuan, which accounts for 16.95% of its net profit for the first three quarters [1] - Gu Ming Holdings (01364) experienced an early morning increase of nearly 4%, with a current rise of 1.39%, following the announcement of a board meeting scheduled for November 14, 2025, to consider a special dividend [1] - Yuejiang (02432) rose over 4.38% after announcing a strategic partnership with Lens Technology, involving a procurement order of 1,000 robots, marking a new phase in their collaboration [1] - Tianli International Holdings (01773) increased by over 4.4% after a successful event in Chengdu focused on AI in education [1] - Yihua Tong (02402) surged by nearly 8% after reporting a positive cash flow of 4.61 million yuan for the first three quarters, a significant improvement from a loss of 221 million yuan in the same period last year [2] - Home Control (01747) fell over 14% after the Hong Kong Securities and Futures Commission raised concerns about its highly concentrated shareholding structure [2] - XPeng Motors (09868) saw a decline of over 5%, currently down 3.26%, ahead of its AI Technology Day scheduled for November 5 [2] - Shanghai Petrochemical (00338) dropped over 2.2% after reporting a 10.77% decrease in revenue and a net loss of 432 million yuan for the first three quarters [3] - Sanhua Intelligent Control (02050) fell over 2.1% amid speculation regarding Tesla's upcoming annual shareholder meeting [3] - Mixue Group (02097) rose over 3% following a strategic cooperation signing ceremony with Anjun Express in Brazil [4] Group 2: U.S. Market Movements - Palantir (PLTR.US) stock fell over 7.94% despite reporting a 63% year-on-year revenue increase to 1.18 billion USD for the third quarter [5] - The Nasdaq Golden Dragon China Index declined over 2%, with notable drops in several Chinese stocks, including Futu Holdings (FUTU.US) down over 7.57% and XPeng (XPEV.US) down nearly 4% [5] - Metsera (MTSR.US) surged over 20% following increased acquisition bids from Pfizer (PFE.US) and Novo Nordisk (NVO.US) [5] - Yum China (YUMC.US) rose over 1.9% after a positive earnings call highlighted the success of its new business model [5] - Cryptocurrency-related stocks fell, with Coinbase (COIN.US) down over 6.9% and Bitcoin dropping over 1.7% [6] - Tesla (TSLA.US) dropped over 5% due to multiple negative factors, including a lawsuit related to a serious accident and a rejection of a significant compensation proposal for CEO Elon Musk [6] - Baidu (BIDU.US) rose over 3.1% after announcing that its autonomous driving platform surpassed 250,000 weekly orders, marking a significant milestone [6] - Uber (UBER.US) fell over 5% after reporting lower-than-expected operating profit for the third quarter [7] - Philips (PHG.US) increased nearly 3% after reporting a 2% decline in sales but exceeding market expectations for adjusted EBITA [7] - Spotify Technology (SPOT.US) saw fluctuations in its stock price following the release of its third-quarter earnings report, with several key metrics surpassing market expectations [7]