Coinbase Q3 Earnings Surpass Estimates on Higher Revenues

Coinbase Global, Inc. (COIN) reported third-quarter 2024 core earnings of 62 cents per share, which beat the Zacks Consensus Estimate by 51.2%. The company had incurred a loss of 1 cent per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The quarterly results gained from higher consumer transaction revenues, institutional transaction revenues, stablecoin revenues, an increase in blockchain rewards, higher custodial fee revenues and improved adjusted EB ...