The earnings call reflects a positive sentiment overall, with Coinbase demonstrating strong financial performance, significant growth in subscription and services revenue, and successful international expansion. However, challenges such as a decline in trading volume and impact from lower interest rates were noted. Regulatory achievements and a strong balance sheet provide a foundation for future growth.

Company Guidance

In the Coinbase Q3 2024 earnings call, several key financial metrics and guidance highlights were discussed. The company achieved its seventh consecutive quarter of positive adjusted EBITDA and fourth consecutive quarter of positive net income, with Q3 total revenue at $1.2 billion and adjusted EBITDA at $449 million. Subscription and services revenue is projected to exceed $2 billion in 2024, up from $1.4 billion in 2023. Coinbase's balance sheet strengthened, with total USD resources growing by 5% quarter-over-quarter, reaching $8.2 billion. The company also announced a $1 billion stock buyback authorization, highlighting its strategic capital allocation plans. Additionally, Coinbase's performance in driving utility included significant growth in stablecoin transactions, reaching over $20 trillion in volume for 2024, and expanding its market cap for USDC to $36 billion in Q3.

Positive Financial Performance

Coinbase reported its seventh consecutive quarter of positive adjusted EBITDA and fourth consecutive quarter of positive net income, with total revenue of $1.2 billion.

Significant Growth in Subscription and Services Revenue

Subscription and services revenue is on pace to exceed $2 billion in 2024, up from $1.4 billion in 2023.

Strong Balance Sheet

Coinbase's balance sheet strengthened with total USD resources growing 5% quarter-over-quarter to $8.2 billion.

International Expansion Success

Investments in international markets have resulted in revenues exceeding direct operating costs, demonstrating a repeatable expansion playbook.

Regulatory Achievements

Progress in regulatory clarity with 350 politicians adopting pro-crypto stances and significant bipartisan support for pro-crypto legislation in the U.S. House.

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Coinbase Global (COIN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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COIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 19, 2025	2024 (Q4)	1.36 / -	1.04	―	―	―
Oct 30, 2024	2024 (Q3)	0.45 / 0.28	-0.01	2900.00% (+0.29)	―
Aug 01, 2024	2024 (Q2)	0.95 / 0.14	-0.42	133.33% (+0.56)	―
May 02, 2024	2024 (Q1)	1.15 / 4.40	-0.34	1394.12% (+4.74)	―
Feb 15, 2024	2023 (Q4)	0.02 / 1.04	-2.46	142.28% (+3.50)	―
Nov 02, 2023	2023 (Q3)	-0.55 / -0.01	-2.43	99.59% (+2.42)	―
Aug 03, 2023	2023 (Q2)	-0.76 / -0.42	-4.98	91.57% (+4.56)	―
May 04, 2023	2023 (Q1)	-1.45 / -0.34	-1.98	82.83% (+1.64)	―
Feb 21, 2023	2022 (Q4)	-2.52 / -2.46	3.32	-174.10% (-5.78)	―
Nov 03, 2022	2022 (Q3)	-2.38 / -2.43	1.62	-250.00% (-4.05)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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COIN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$211.74	$179.25	-15.34%
Aug 01, 2024	$212.64	$204.44	-3.86%
May 02, 2024	$210.09	$228.85	+8.93%
Feb 15, 2024	$165.67	$180.31	+8.84%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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