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Coinbase Q3 Profit Jumps 66% to $719 Million
By Drooid · · How we work
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- Coinbase reported third-quarter adjusted net income of $719 million, up 66% from $433 million.
- Revenue was $1.20 billion, missing analysts’ $1.233 billion forecast.
- Earnings per share hit $2.51, far above analysts’ $0.06 estimate.
- Coinbase launched Coinbase for Agents in early October, letting ChatGPT and other AI agents manage portfolios.
- Prediction-market revenue topped $200 million annually, with trader participation up 60% from the prior quarter.
