US EditionStablecoin Issuer Circle’s Revenue Jumps in First Results Since Blockbuster IPO
Circle Internet Group's revenue grew 53% to $658.1 million in Q2 driven by USD Coin's market share of 26%, despite a $482.1 million net loss from IPO-related expenses.
- On Tuesday, Circle Internet Group shares jumped after reporting a 53% revenue increase to $658.1 million in the second quarter.
- Stablecoin market data show USDC holding about 26% of the dollar-backed market, with circulation growing 90% to $61.3 billion at quarter end.
- The company incurred $424 million in stock-based compensation and $167 million in convertible debt adjustments, contributing to a $482.1 million net loss.
- Shares jumped to $173.46 in premarket trading after Tuesday’s earnings report, reflecting investor confidence.
- For 2025, Circle projects $75 million to $85 million in other revenue, $475 million to $490 million in operating expenses, and USDC to grow at a 40% rate.
18 Articles
18 Articles
Circle (CRCL) has experienced a 2% increase in its shares during Tuesday afternoon.This growth comes after the company exceeded quarterly revenue expectations.According to the original report, its total revenue in the second quarter reached $658 million, surpassing the $647 million that analysts expected.Circle CEO Jeremy Allaire highlighted the growth of USDC, its important stablecoin. By the end of the quarter, the circulation of USDC had incr…
Circle stock jumps after first-ever public earnings
Stablecoin issuer Circle Internet Group is seeing its stock (NYSE: CRCL) rise yet again. Shares in the company are up more than 7% in early morning as of the time of this writing. At one point, shares were up as much as 10% after markets opened. The reason? Circle just posted its first quarterly earnings as a public company, and investors seem to like what they are seeing. Here’s what you need to know. Circle posts its first quarterly results as…
Stablecoin issuer Circle’s revenue jumps in first results since blockbuster IPO
Circle posted higher revenue and reserve income on Tuesday in its maiden quarterly results since going public in June, driven by increased circulation of its USDC stablecoin and stronger subscription services.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
