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Coinbase Posts $2.27B in Q4 Revenue, Blowing Through $1.84B Estimate
The crypto exchange benefited from a major bull move in crypto during the fourth quarter surrounding Trump's election victory.
Updated Feb 13, 2025, 9:22 p.m. Published Feb 13, 2025, 9:15 p.m.
What to know:
- Coinbase posted revenue well above Street estimates in the fourth quarter.
- Trading volume rose 185% from a year earlier to $439 billion.
- Shares are up modestly in after hours trading, but had gained 8.5% during the regular session in anticipation of strong results.
Coinbase (COIN) topped already strong estimates for fourth quarter results, posting a 138% year-over-year gain in revenue amid the major bull move in crypto surrounding the November election of Donald Trump.
The leading U.S. crypto exchange posted fourth quarter revenue of $$2.27 billion against consensus $1.84 billion and $1.26 billion three months prior.
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Adjusted earnings for the three months of of $1.3 billion topped consensus of $906.9 million.
Trading volume in the fourth quarter was $439 billion, up 185% from the year-ago level. Transaction revenue of $1.56 billion was higher by 194% year-over-year.
"Crypto’s voice was heard loud and clear in the U.S. elections, and the era of regulation via enforcement that crippled our industry in the U.S. is on its way out," said CEO Brian Armstrong in his shareholder letter. "Our goals in 2025 are to drive revenue, drive utility, and scale our foundations."
Shares of Coinbase are up just modestly in after-hours trading, but the stock already rallied 8.5% during the regular session today following blowout fourth quarter crypto results from Robinhood on Wednesday.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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