Coinbase logs second straight quarterly loss as crypto trading momentum fades
- On Thursday, Coinbase Global reported a net loss of $394.1 million for the first quarter, with revenue of $1.41 billion missing the $1.52 billion consensus estimate.
- Earlier this week, Coinbase announced it would cut 700 jobs, or 14% of its workforce, as part of an AI-driven restructuring to navigate crypto market volatility.
- Transaction revenue slumped 40% to $756 million during the quarter, while subscription and services revenue reached $583.5 million, falling short of the $619.3 million analysts expected.
- Shares of Coinbase fell more than 5% in after-hours trading Thursday after the platform reported weaker-than-expected results as declining spot trading volumes weighed on revenue.
- Despite the broader slump, Coinbase achieved a record 8.6% trading volume market share, while its prediction markets business surpassed $100 million in annualized revenue in less than two months.
46 Articles
46 Articles
Coinbase Just Got Slammed: Barclays Slashes Price Target to $107 After Q1 Crypto Trading Miss
The post Coinbase Just Got Slammed: Barclays Slashes Price Target to $107 After Q1 Crypto Trading Miss appeared first on 24/7 Wall St.. Quick Read Coinbase (COIN) posted Q1 2026 revenue of $1.41B, missing the $1.48B consensus by 5% and falling 31% year over year, while adjusted EBITDA remained positive at $303.3M for its 13th consecutive quarter. Barclays cut its COIN stock price target to $107 from $140 with an Underweight rating, while Bank…
Coinbase Reports $394 Million Q1 Loss, Its Second Consecutive Quarterly Miss
Coinbase posted a $394 million net loss in the first quarter of 2026, marking its second consecutive quarterly loss and sending shares down more than 5% in after-hours trading. The Thursday earnings report compounded a difficult week for the largest U.S. crypto exchange, which announced a 14% workforce reduction earlier in the week. Net revenue fell 31% year over year to $1.4 billion, missing the Wall Street consensus of roughly $1.49 billion. T…
STOCK MARKET: Coinbase (COIN) earnings Q1 2026
Coinbase posted lower-than-expected results for the first quarter as crypto prices fell, weighing on one of the companies’ major revenue drivers — spot trading in digital assets . Here’s how Coinbase performed in its quarter ended March 31, compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.49 loss vs. 27 cent profit (estimated) Revenue: $1.41 billion vs. $1.52 billion (est.) Coinbase shar…
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