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"The crypto market operates in cycles, and our experience indicates it’s never as extreme, either positively or negatively, as it appears," stated the company.
Key details:
- Cryptocurrency exchange Coinbase reported a shortfall in fourth-quarter earnings.
- Transaction revenue amounted to $982.7 million, down from $1.046 billion in the preceding quarter and $1.556 billion in the fourth quarter a year prior.
- From the start of the first quarter of 2026 until February 10, the firm has recorded approximately $420 million in transaction revenue.
- Shares experienced a slight increase in after-hours trading, although they remain down roughly 40% year-to-date.
Coinbase (COIN) fell short of fourth-quarter earnings expectations on Thursday, attributed to reduced trading activity and declining crypto asset valuations.
The U.S.-based cryptocurrency exchange reported total revenue of $1.78 billion, compared to estimates of $1.83 billion. Adjusted earnings per share (EPS) of $0.66 was significantly lower than the anticipated $0.86.
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Total transaction revenue reached $983 million, falling short of forecasts for $1.02 billion and decreasing from $1.046 billion in the previous quarter as well as $1.556 billion in the fourth quarter a year ago.
Subscription revenue was reported at $727.4 million, a decline from $746.7 million in the last quarter but an increase from $641.1 million a year earlier.
Through February 10 of the first quarter, the company noted transaction revenue of approximately $420 million, projecting full-quarter subscription revenue between $550 million and $630 million.
“We remain hopeful about the long-term outlook of the crypto sector,” Coinbase remarked. “The nature of crypto is cyclical, and our experience indicates it’s never as extreme, either positively or negatively, as it appears. While asset prices may fluctuate, there is an ongoing trend of technological advancement and increased adoption of crypto products.”
Shares showed a modest rise in after-hours trading but had decreased by 7.9% during the regular session, extending year-to-date losses to 40%.
