{"id":626748,"date":"2025-02-14T09:13:22","date_gmt":"2025-02-14T09:13:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626748"},"modified":"2025-02-14T16:14:14","modified_gmt":"2025-02-14T16:14:14","slug":"coinbase-revenue-surged-88-in-q4-beating-analyst-expectations","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/coinbase-revenue-surged-88-in-q4-beating-analyst-expectations","title":{"rendered":"Coinbase Revenue Surged 88% In Q4, Beating Analyst Expectations"},"content":{"rendered":"

Revenue for US-based crypto exchange Coinbase surged 88% to $2.27 billion in the fourth quarter to beat analysts’ expectations.<\/span><\/p>\n

The better-than-expected quarterly performance boosted the price of Coinbase shares more than 8% yesterday to $298.11. However, Coinbase stock (COIN) has since undergone a more than 2% retracement in pre-market trading, according to <\/span>Google Finance data<\/span><\/a>.<\/span><\/p>\n

\"Coinbase\"<\/p>\n

Coinbase Records Strongest Quarter In Over A Year<\/span><\/h2>\n

Coinbase<\/span><\/a> released its Q4 2024 <\/span>financial results<\/span><\/a> on Feb. 13, which showed the leading US centralized exchange posted its best quarterly performance in over a year. The company also achieved a net income of $1.3 billion, which also exceeded experts’ forecasts. This net income included $476 million in pre-tax gains on its crypto investment portfolio.<\/span><\/p>\n

According to Coinbase CEO Brian Armstrong, “2024 was a strong year for crypto and for Coinbase.” This seems to be the case, as the company’s balance also strengthened to $9.3 billion at the end of the fourth quarter last year, marking a $1.1 billion increase from the previous quarter.<\/span><\/p>\n

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Our Q4 and FY 2024 financial results are now live. pic.twitter.com\/R5LuW7pwI9<\/a><\/p>\n

— Coinbase 🛡️ (@coinbase) February 13, 2025<\/a><\/p><\/blockquote>\n