Circle Internet Net Income Rises 202% to $214M, Beats Expectations on EPS
CoinDesk
Circle Internet Group reported Q3 net income of $214 million, a 202% year-over-year increase, significantly beating EPS expectations.Summary
Circle Internet Group, the issuer of the USDC stablecoin, announced a third-quarter net income of $214 million, marking a 202% increase compared to the previous year. The company's earnings per share (EPS) reached $0.64, substantially surpassing analyst expectations of $0.22. Total revenue and reserve income for the quarter more than doubled to $740 million, representing a 103% rise year-over-year. Furthermore, Circle reported earnings before interest, taxes, depreciation, and amortization (Ebitda) of $166 million, which is a 78% increase. Despite the strong financial results, Circle's shares (CRCL) saw a decline in trading.
(Source：CoinDesk)