secwatch.observer — SEC 8-K summary
======================================

Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001679788-24-000186
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coinbase Q3 2024 revenue $1.2B, net income $75M, $1B buyback authorized
-----------------------------------------------------------------------

- Q3 total revenue $1.205B, down 17% Q/Q; transaction revenue $573M, down 27% Q/Q.
- Net income $75M (incl. $121M pre-tax unrealized crypto losses); Adj. EBITDA $449M, 7th consecutive positive quarter.
- Subscription & services revenue $556M (-7% Q/Q); stablecoin revenue $247M (+3% Q/Q) on higher USDC balances.
- Board authorized $1.0B share repurchase program in October 2024.
- Q4 outlook: Oct transaction revenue ~$190M; subscription revenue $505-580M; T&D+G&A $690-730M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978824000186/0001679788-24-000186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978824000186/coin-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001679788-24-000186

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