Core Insights - Circle Internet Group (NYSE:CRCL) experienced a significant drop in share price by 12.21% to close at $86.30, as investors anticipated strong earnings performance for Q3 [1] Financial Performance - The company reported a net income growth of 201.9%, reaching $214.38 million compared to $71 million in the same period last year, aided by a $61 million income tax benefit and a $48 million benefit from the decrease in fair value of convertible debt [2][3] - Revenues increased by 66% to $739.7 million from $445.76 million year-on-year, indicating strong adoption of USDC and the platform [3] Future Outlook - For the full-year 2025, Circle Internet Group raised its revenue outlook for other revenues to a range of $90 million to $100 million, up from the previous projection of $75 million to $85 million [5] Strategic Vision - The company emphasizes its role in integrating digital dollars with internet technology, aiming to enhance global finance through trust, transparency, and velocity [4]
Circle Internet (CRCL) Sheds 12% After Earnings