Coinbase posts $1.2B Q3 revenue and EPS of $2.51
- —Revenue of $1.2B versus $1.22B in Q2, essentially flat
- —EPS of $2.51 against a consensus near -$0.15
- —Q2 net loss was $359 million, or $1.36 per diluted share
- —COIN shares are down 31% year to date
Why it matters: The wide EPS beat may force analysts to revisit their models, but flat revenue shows the core trading business has not recovered.
Source: Crypto Briefing