Should Coinbase (COIN) Be in Your Portfolio Post Q2 Earnings?

Coinbase Global Inc. (COIN) reported strong second-quarter results on Aug 1, wherein the top line beat the Zacks Consensus Estimate and the bottom line met the same, reflecting continued revenue diversification. Subscription and services revenues reached an all-time high. The second quarter also marked the sixth straight quarter of positive adjusted EBITDA. Management expects third-quarter 2024 subscription and services revenues to be between $530 million and $600 million. However, this guidance takes into ...