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Coinbase nails Wall Street forecasts in surprising earnings
During Q2 2025, the exchange generated $1.5 billion in total revenue, down 26% quarter-over-quarter (QoQ) and up 0.32% year-over-year (YoY). It recorded $1.4 billion in net income, up 216% QoQ and up 396.9% YoY. The platform registered $512 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), down 55% QoQ and 14% QoQ. Transaction revenue stood at $764 million, down 39% QoQ and down 2% YoY. Subscription and services revenue stood at $656 million, down 6% Q/Q and up 9% YoY. The platform attributed the figure to growth in average Circle's (NYSE: CRCL) USDC stablecoin balances, ... (full story)