earnings
confidence high
sentiment positive
materiality 0.85
Coinbase Q4 revenue $2.3B, net income $1.3B; full year revenue $6.6B, Adjusted EBITDA $3.3B
Coinbase Global, Inc.
2024-FY EPS reported
$9.48
revenue$6,564,028,000
- Q4 total revenue $2.3B (+88% Q/Q); transaction revenue $1.6B (+172% Q/Q); subscription & services $641M (+15% Q/Q).
- Full year 2024: revenue $6.6B (+111% Y/Y); net income $2.6B; Adjusted EBITDA $3.3B; operating cash flow strong.
- Q1'25 outlook: ~$750M transaction rev (through Feb 11); subscription & services guidance $685-$765M.
- Ended Q4 with $9.3B USD resources (+$1.1B Q/Q); SEC interlocutory appeal granted, discovery paused.
- Base sequencer revenue up 99% Q/Q; USDC assets grew; spot market share increased; 13 new assets listed in Q4.