Coinbase Posts Second Straight Quarterly Loss as Trading Volumes Slump

Key Facts

Coinbase Global reported its second consecutive quarterly loss, posting an operating loss of $0.17 per share against analyst expectations of a $0.36 profit. The results were weighed down by a 30.5% decline in annual revenues, driven by slumping consumer transaction volumes and rising costs. In response, Needham lowered its price target for COIN to $220.00 while maintaining a Buy rating, whereas H.C. Wainwright analysts set a more optimistic target of $310.00. Despite the earnings miss, the company continues its strategic shift with USDC and subscription services now accounting for 44% of total revenue. Analysts suggest that long-term recovery remains contingent on U.S. crypto regulatory clarity and the success of revenue diversification efforts.

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