Finance

Analysis of Coinbase’s Q3’22 Earnings

11/04/2022
Bitcoin Ethereum News

November 4, 2022, 3:03AM EDT

• 4 min read

Quick Take

  • Coinbase generated $576mm net revenue, ($545)mm net loss, and ($116)mm Adjusted EBITDA
  • The company also reported $159bn quarterly trading volume and $101bn assets on platform 
  • Cash & cash equivalents fell to $5.01bn from $5.68bn from Q2’22 to Q3’22 
  • Trading closed at $55.80, a 6.8% decline in 1-day trading, but went up to $58.55 in after-hours trading 
  • Recently dismissed CPO  Surojit Chatterjee as part of ongoing restructuring efforts 

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Source: https://www.theblockresearch.com/analysis-of-coinbases-q322-earnings-182935?utm_source=rss&utm_medium=rss