https://techcrunch.com/2022/08/09/coinbases-earnings-fall-short-of-expectations-as-crypto-winter-rages/

Today after the bell, the largest U.S. cryptocurrency exchange Coinbase reported its second quarter performance. In the second quarter, Coinbase reported net revenues of $802.6 million and earnings per share of -$4.98 (diluted), predicated on net income of -$1.09 billion. The company’s adjusted EBITDA, a highly non-GAAP metric, was -$151 million in the period.

Analysts had expected the company to lose $2.65 per share off revenues of $832 million, per averages shared by Yahoo Finance. Per those estimates, Coinbase posted a top-and-bottom line miss.