Coinbase reported first-quarter revenue of $2.03 billion, missing the $2.12 billion Street estimate, but up from $1.64 billion in the same quarter last year, according to Benzinga. Adjusted earnings of $1.94 missed the $2.11 estimate. The company cited progress toward 2025 goals, including growing market share in global spot and derivatives. Coinbase cited the dismissal of the SEC lawsuit as a major judicial win and highlighted Trump’s executive order on a Strategic Bitcoin Reserve. The company reaffirmed guidance for the second quarter with subscription revenue between $600 million and $680 million. Shares fell 2.4% in after-hours trading.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Coinbase reported first quarter revenue of $2.03 billion, missing the $2.12 billion street
00:07estimate, but up from the $1.6 billion in the same quarter last year, according to Benzinga.
00:12Custom earnings of $1.94 missed the $2.11 estimate. The company cited progress towards 2025 goals,
00:18including growing market share and global spot and derivatives.
00:21Coinbase cited the dismissal of the SEC lawsuit as a major judicial win,
00:25highlighted Trump's executive order on a strategic Bitcoin reserve.
00:27The company reaffirmed guidance for the second quarter,
00:30the subscription revenue between $600 million and $680 million.
00:34Shares fell 2.4% in after-hours trading.
00:36For all things money, visit Benzinga.com slash GSTV.