Circle Internet Group (NYSE:CRCL) Issues Earnings Results
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18 Articles
Circle Internet Group (NYSE:CRCL) Issues Earnings Results
Circle Internet Group (NYSE:CRCL - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.42 by $0.42. Circle Internet Group had a return on equity of 13.58% and a net margin of 15.53%. The company had revenue of $864.89 million during the quarter. During the same quarter last year, the firm posted $0.64 earnings per share. Circle Internet Group's qua…
Circle Reported 17% Revenue Growth, but $182 Million Came From Selling a New Token. Is USDC's Core Business Shrinking?
Circle Internet Group (NYSE: CRCL) announced its third-quarter earnings, reporting revenue and reserve income of $865 million, up 17% from the same quarter last year. However, $182 million of this revenue came from the sale of ARC (CRYPTO: ARC), the native token associated with its newly launched Arc blockchain. Meanwhile, reserve income—essentially the interest Circle […]
Circle Moved $13.9T in USDC, Yet Reserve Income Shrank
Token sales for Circle’s Arc blockchain supplied a large share of quarterly revenue. Interest income from USDC reserves fell as yields declined. USDC changed hands far more often while its supply stayed roughly flat. Circle is wiring USDC into card networks and bank payment systems. Roughly a fifth of the money Circle booked in the [...]
Circle Cuts 5% Of Workforce Despite Strong Q3 Earnings Growth
Circle has reduced approximately 5% of its workforce as part of a restructuring initiative aimed at aligning operations with its strategic priorities. The move comes alongside $865 million in Q3 revenue and reserve income, rising USDC transaction activity, and continued investments in institutional payments and its Arc blockchain ecosystem.
Circle Q3 Revenue Rises 17% on a One-Off Token Presale
CRCL recovered from an opening slide on Wednesday, trading at $77.03 and up 2.41% at 16:18 GMT+1 after dipping to $72.90 at 15:59. The stock had fallen as far as 3.08% below Tuesday’s $75.22 close before buyers stepped in, per TradingView. The Circle Q3 report that moved it looks strong on the top line and weaker underneath. Total revenue and reserve income of $864.9 million grew 16.9% year over year, but $182 million of that came from a one-off…
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