Coinbase Beats Q3 Forecasts as Transaction Revenue Jumps to $1 Billion

Coinbase reported $1.9 billion in third-quarter revenue on Thursday, a 26% increase quarter-over-quarter that slightly surpassed Wall Street forecasts. Analysts expected the San Francisco-based crypto exchange to disclose $1.8 billion in sales, reflecting a 50% increase from a year ago, according to Yahoo Finance. Coinbase disclosed a Q3 earnings per share of $1.50, coming in above analysts’ forecasts of $1.10 per share. That translated into $433 million in net income for the third quarter, falling sequenti ...