secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001679788-24-000087
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coinbase reports Q1 revenue of $1.6B, net income $1.2B, Adjusted EBITDA $1.0B
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- Total revenue $1.6B (+72% Q/Q); net income $1.2B (incl. $737M pre-tax unrealized crypto gains).
- Adjusted EBITDA $1.0B, surpassing full-year 2023 total.
- Consumer transaction revenue $935M (+99% Q/Q); institutional transaction revenue $85M (+133% Q/Q).
- Subscription & services revenue $511M (+36% Q/Q); stablecoin revenue $197M (+15% Q/Q).
- Q2 guidance: April transaction revenue >$300M; S&S revenue expected $525-600M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978824000087/0001679788-24-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978824000087/coin-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001679788-24-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer