Coinbase beat analysts’ revenue expectations by 4.5% last quarter, reporting revenues of $1.87 billion, up 55.1% year over year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates. It reported 9.3 million monthly active users, up 19.2% year over year.
This quarter, analysts are expecting Coinbase’s revenue to decline 19.2% year over year to $1.84 billion. This represents a reversal from the 138% increase it recorded in the same quarter last year.
The quarter also featured a solid beat of EBITDA estimates and an impressive beat of revenue estimates, underscoring Coinbase’s momentum. Looking ahead, the expected revenue decline contrasts with ongoing MAU growth, which remains a key driver of the earnings outlook for the period. This dynamic highlights the resilience of user engagement even as revenue trends moderate compared with the prior year.
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