Coinbase misses Q4 estimates as transaction revenue falls below $1 billion

Coinbase missed Wall Street's fourth-quarter earnings forecasts, posting total revenue of $1.78 billion against estimates of $1.83 billion, with adjusted EPS coming in at $0.66 versus the consensus of $0.86. The primary driver was total transaction revenue, which dropped to $983 million, falling short of the $1.02 billion forecast and significantly down from the previous quarter and the prior year. Subscription revenue was $727.4 million, slightly down from Q3 but up year-over-year. Looking ahead to Q1, Coinbase reported transaction revenue of about $420 million through February 10 and guided subscription revenue between $550 million and $630 million. Despite the results, the company remains optimistic about the long-term crypto trajectory, noting that while asset prices are volatile, technological adoption continues beneath the surface. Shares were modestly higher in after-hours trading but had fallen 7.9% during the regular session.

(Source：CoinDesk)