On Feb. 13, Coinbase reported revenue for the fourth quarter of 2024 to the tune of $2.3 billion which equated to adjusted earnings per share of $4.68, up from $1.04 in the same quarter of 2023.
Its quarterly revenue was up 88% year-over-year which translated to a net income of $1.3 billion for the period.
The firm also reported a full-year revenue of $6.6 billion, net income of $2.6 billion, and Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of $3.3 billion.
Our Q4 and FY 2024 financial results are now live. pic.twitter.com/R5LuW7pwI9
— Coinbase ️ (@coinbase) February 13, 2025
Coinbase Eclipses Expectations
The bumper revenue report obliterated analyst expectations, which were earnings of $1.36 on revenue of $1.59 billion.
The firm makes the lion’s share of its profits from higher than industry average transaction fees, with transaction revenue in the quarter surging 172% to $1.6 billion.
This equates to nearly 70% of its total revenue, which
We współpracy z: https://cryptopotato.com/coinbase-reports-2-3b-in-revenue-eclipsing-analyst-expectations/
