BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Coinbase Surpasses Expectations with $674M in Q3 Revenue

BlockNews.com Team by BlockNews.com Team
November 3, 2023
in BREAKING NEWS, CRYPTO, FEATURED
Reading Time: 2 mins read
#image_title

#image_title

2
SHARES
27
VIEWS
Share on XShare in TelegramShare on Reddit
  • Coinbase beat Q3 revenue forecasts and posted a small EPS loss despite declines in users and trading volumes amid low crypto market volatility.
  • Revenue was $674M, surpassing estimates of $650M, while adjusted EBITDA remained positive at $181M for the third straight quarter.
  • Though monthly transacting users and trading volumes dropped due to low volatility, Coinbase sees a path to profitability in 2023 based on subscription growth and potential crypto policy tailwinds.

Coinbase reported better-than-expected earnings for the third quarter of 2022, beating revenue forecasts and posting a small loss per share. The crypto exchange saw declines in monthly transacting users and trading volumes amid low market volatility. However, its adjusted EBITDA remained positive for the third straight quarter.

Financial Highlights


Coinbase raked in $674 million in revenue for Q3, surpassing analysts’ estimates of around $650 million. The company posted a loss per share of 1 cent, beating projections. Its adjusted EBITDA came in at $181 million. Coinbase saw $2.886 billion in transaction revenue and $3.344 billion in subscription and services revenue. Its balance sheet held over $55 billion in USD resources.

Declining Trading Volumes and Users


Crypto asset volatility hit lows not seen since 2016 in Q3, contributing to a 24% quarter-over-quarter decline in global spot trading volumes. Consumer trading volumes dropped 21% to $11 billion. Monthly transacting users fell to 67 million, down from 85 million last year, due to fewer active trading transactions.

🚨 NEWS: @Coinbase released its Q3 Shareholders Update.

Notable Q3 statistics:

– $674M in revenue

– 9% debt reduction year-to-date

– 3rd consecutive quarter of positive financial performance

– 5.5 Billion is USD resources

– International expansion

Now imagine what the… pic.twitter.com/jg1KaO042L

— BlockNews.com (@blocknewsdotcom) November 2, 2023

Future Growth Potential


Coinbase says it’s on track to deliver positive adjusted EBITDA in 2023. Recent crypto policy developments like the Ripple lawsuit outcome and Grayscale’s Bitcoin Trust reconsideration could provide tailwinds for the company going forward. Coinbase also just opened crypto futures trading to US investors after getting regulatory approval.

Conclusion


Despite declines in trading activity, Coinbase managed to beat revenue expectations in Q3 thanks to growth in subscription services. While low volatility presents challenges, the company sees a path to profitability next year. Regulatory clarity in the US crypto market could also unlock new opportunities for Coinbase.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchainBusinessCoinbasecryptoWeb3
Tweet1ShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

PayPal Stablecoin Expansion: PYUSD Hits 9 New Blockchains With LayerZero – Here’s What You Need to Know
CRYPTO

PayPal Stablecoin Expansion: PYUSD Hits 9 New Blockchains With LayerZero – Here’s What You Need to Know

September 18, 2025
Chainlink Price Prediction: Can LINK Break $25 Resistance and Soar Toward $40?
CHAINLINK

Chainlink Price Prediction: Can LINK Break $25 Resistance and Soar Toward $40?

September 18, 2025
Why Worldcoin Could be the Biggest Sleeper Pick of the 2025 Crypto Bull Run
CRYPTO

Why Worldcoin Could be the Biggest Sleeper Pick of the 2025 Crypto Bull Run

September 18, 2025
What is Filecoin? A Full Review of FIL and its Huge Potential in 2025
CRYPTO

What is Filecoin? A Full Review of FIL and its Huge Potential in 2025

September 18, 2025
What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4
CHAINLINK

What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4

September 18, 2025
What Every Crypto Beginner Needs to Know Before Buying Their First Bitcoin
CRYPTO

What Every Crypto Beginner Needs to Know Before Buying Their First Bitcoin

September 18, 2025
Load More

Related News

PayPal Stablecoin Expansion: PYUSD Hits 9 New Blockchains With LayerZero – Here’s What You Need to Know

PayPal Stablecoin Expansion: PYUSD Hits 9 New Blockchains With LayerZero – Here’s What You Need to Know

September 18, 2025
Chainlink Price Prediction: Can LINK Break $25 Resistance and Soar Toward $40?

Chainlink Price Prediction: Can LINK Break $25 Resistance and Soar Toward $40?

September 18, 2025
Why Worldcoin Could be the Biggest Sleeper Pick of the 2025 Crypto Bull Run

Why Worldcoin Could be the Biggest Sleeper Pick of the 2025 Crypto Bull Run

September 18, 2025
What is Filecoin? A Full Review of FIL and its Huge Potential in 2025

What is Filecoin? A Full Review of FIL and its Huge Potential in 2025

September 18, 2025
What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4

What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4

September 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews