Coinbase’s second-quarter revenue fell short of analyst estimates, causing a decline in the company’s shares. The exchange earned $1.43 billion, or $5.14 per share, in the quarter ended June 30, up from $36.13 million and 14 cents per share last year. Revenue rose slightly to $1.5 billion but missed expectations of $1.6 billion.
Weaker trading volumes, despite a boost in subscription revenue, failed to offset the decline. Retail engagement grew 16% to $43 billion, but missed analysts’ projections. Subscriptions and services offerings increased 9% to $655.8 million, short of estimates of $705.9 million.
Revenue from stablecoins rose 38% to $332.5 million, driven by interest in the assets after Circle’s successful June IPO. Coinbase benefits from a significant revenue-sharing agreement with Circle for USDC held on its platforms.
The company aims to amplify consumer engagement through new products and services, taking advantage of pro-crypto policies from Washington. A new rollout will offer tokenized real-world assets, derivatives, prediction markets, and early-stage token sales within the Coinbase app, initially targeting U.S. users.
Shares fell 6% in extended trading, with the company remaining higher by more than 50% year-to-date, outperforming the S&P 500.
Source: https://www.cnbc.com/2025/07/31/coinbase-coin-earnings-q2-2025.html