COIN Stock Recent News

COIN misses Q2 earnings and revenue estimates, but rising volumes, crypto prices and subscription growth offer support.

Cathie Wood holding Roblox soared after earnings on Thursday. Coinbase gave back some of its recent gains after it joined the S&P 500.

Coinbase Global Inc (NASDAQ:COIN) shares fell almost 15% on Friday after the cryptocurrency trading platform's second quarter earnings fell short of expectations on weaker-than-expected trading revenue. The company reported earnings per share of $0.12, significantly below estimates of $1.49.

Coinbase Global Inc COIN shares were down on Friday after the company reported downbeat second-quarter earnings.

Shares of Coinbase Global Inc (NASDAQ:COIN) were last seen down 15.5% at $319.31, after the company's second-quarter earnings of 12 cents per share and revenue of $1.5 billion both missed estimates.

Live Updates Live Coverage Has Ended Coinbase (COIN) –3.66% 4:46 pm A billion-dollar profit and 60% EBITDA margins weren’t enough. Flat MTUs and soft subscription momentum disappointed investors looking for a reacceleration story. Coinbase remains a high-margin crypto utility — but without retail growth or visibility into a demand catalyst, the stock is vulnerable to macro sentiment. Management Commentary 4:36 pm CEO Brian Armstrong: “We’ve reached a point where the business can remain profitable across market cycles. We’ve made real progress diversifying revenue, and we’re proud of our strong margin performance and discipline.” CFO Alesia Haas: “With three straight quarters of $1B+ in net income, we are demonstrating a clear shift in financial profile and product-market fit across retail, institutional, and developer segments.” What Changed This Quarter Net income topped $1B for a third straight quarter — historic consistency for COIN Adjusted EBITDA margin expan

Coinbase (NASDAQ: COIN) reported a sharp drop in quarterly profit on Thursday, July 31, that sent shares tumbling, with the crypto exchange posting adjusted net income of $33 million, or 12 cents per share, compared to $294 million, or $1.10 per share, in the same quarter last year.

Coinbase's Q2 report disappointed investors with weaker sales in key segments and lower trading volumes despite a rise in Bitcoin. Coinbase's future is increasingly tied to institutional flows within a more regulated market, offsetting retail weakness but raising questions about long-term crypto fundamentals. COIN's valuation remains stretched, around that of traditional exchanges, with high growth expectations offset by greater risks given the youth and volatility of the crypto market.

U.S. stock futures were lower this morning, with the Dow futures falling more than 400 points on Friday.

Coinbase stock price crashed by over 10% on Friday after the company published its financial results and as Bitcoin plunged below $115,000. COIN dropped to $335, down by over 24% from its highest point this year.