Coinbase(US:COIN) Benzinga·2026-02-12 21:35Core Insights - Coinbase reported fourth-quarter total revenue of $1.78 billion, a 5% decrease quarter-over-quarter, missing the consensus estimate of $1.85 billion [2] - The company achieved adjusted earnings per share of 66 cents, surpassing the consensus estimate of 64 cents per share [2] Revenue Breakdown - Transaction revenue for the quarter was $982.7 million, down from $1.56 billion in the same quarter last year and down from $1.05 billion in the previous quarter [3] - Subscription and services revenue was $727.4 million, an increase from $641.1 million year-over-year but a decrease from $746.7 million quarter-over-quarter [3] Annual Performance - For the fiscal year, transaction revenue totaled $4.1 billion, reflecting a 2% year-over-year increase [4] - Total trading volume for the fiscal year was $5.2 trillion, a significant 156% increase year-over-year, with the company's crypto trading volume market share doubling [4] Product Diversification - The company has developed 12 products generating annualized revenue of $100 million, with six products exceeding $250 million and two generating over $1 billion [5] - Since November 2025, Coinbase has repurchased 8.2 million shares, and in January 2026, the Board expanded the share and long-term debt repurchase plan by an additional $2 billion [5] Future Guidance - For the first quarter, the company projects subscription and services revenue to be between $550 million and $630 million, lower than recent quarters [6] - As of February 10, transaction revenue for the first quarter was reported at $420 million [6] Strategic Priorities - Key priorities for the company include expanding the Everything Exchange, scaling stablecoins, and enhancing DeFi integrations through the Base App [7] Stock Performance - Coinbase stock rose 0.6% to $141.80 in after-hours trading, within a 52-week trading range of $139.36 to $444.64 [8]