WS #13083
Coinbase reported Q2 revenue of $1.22B (miss $1.29B est) and GAAP EPS of -$1.36 (miss -$0.42 est), with transaction revenue falling to $599M. Shares fell ~5% in after-hours trading as crypto market weakness weighed on trading activity.
Coinbase Misses Q2 Estimates on Crypto Slump
Coinbase reported Q2 revenue of $1.22B (miss $1.29B est) and GAAP EPS of -$1.36 (miss -$0.42 est), with transaction revenue falling to $599M. Shares fell ~5% in after-hours trading as crypto market weakness weighed on trading activity.