Investors cheer as Coinbase beats Q1 expectations

Investors cheer as Coinbase beats Q1 expectations

a year ago
Anonymous $KxGqLmj_R3

https://techcrunch.com/2023/05/04/coinbase-earnings-q1-2023-expectations/

Today after the bell, Coinbase reported its Q1 2023 financial results, handily beating expectations. In the first three months of the year, the U.S. cryptocurrency exchange generated net revenues of $736 million, a $79 million net loss, and adjusted EBITDA of $284 million. 

Analysts had expected a far slimmer $655 million in revenue and a larger loss from the company in the first quarter. In after-hours trading, shares of Coinbase are up a little more than 7%.