Coinbase Q3 net revenue $576M, net loss $545M; subscription revenue up 43% Q/Q

Coinbase Global, Inc.

2022-Q3 EPS reported -$9.39 revenue$2,565,100,000

Transaction revenue $366M (-44% Q/Q) on lower trading volume of $159B (-27% Q/Q).
Subscription & services revenue $211M (+43% Q/Q); interest income $102M (+213%).
Total operating expenses $1.1B (-38% Q/Q); 2022 Adjusted EBITDA loss guardrail of $500M reaffirmed.
MTUs 8.5M (-6% Q/Q); Assets on Platform $101B (+5% Q/Q); cash resources $5.6B.
Partnerships with BlackRock and Google announced; regulatory advocacy for clear U.S. rules.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.4

Coinbase Global, Inc. updated its the quarter ended September 30, 2022 guidance (reaffirmed).

Period: the quarter ended September 30, 2022
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On November 3, 2022, Coinbase Global, Inc. (“Coinbase” or the “Company”) will hold a conference call regarding its financial results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001679788-22-000115

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