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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.
Coinbase Q3 Profit Jumps 66% to $719 Million | Drooid