Analysis of Coinbase’s Q3’22 Earnings
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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Author: Greg Lim
