Coinbase Q3 Earnings report: Revenue approximately 1216000000 USD down year-on-year 35%, adjusted EBITDA approximately 333000000 USD

AT A GLANCE

Coinbase Third-quarter revenue and adjusted EBITDA declined year-on-year, while net income was boosted by gains from investment crypto assets.

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Coinbase Q3 Earnings report: Revenue approximately 1216000000 USD down year-on-year 35%, adjusted EBITDA approximately 333000000 USD BlockBeats news:October 30 Coinbase released 2026 third-quarter results for, with total revenue of approximately 1216000000 USD, down year-on-year by 35%, including transaction revenue of approximately 590000000 USD, and subscription and services revenue of approximately 570000000 USD. Net income was approximately 719000000 USD, with diluted earnings per share of 2.51 USD, above approximately 433000000 USD in the same period last year. Adjusted EBITDA was approximately 333000000 USD, below approximately 801000000 USD in the same period last year.

The company said the revenue decline was mainly driven by a decline of approximately 59%in consumer spot trading volume and a decline of approximately 53%in institutional spot trading volume, partly offset by growth in derivatives operations following the acquisition of Deribit. Net income benefited from approximately 715000000 USD in gains from investment crypto assets. Operating expenses decreased year-on-year by approximately 17%to approximately 1150000000 USD, reflecting the restructuring announced by May, involving approximately 700 job cuts, as well as lower related marketing expenses. During the same period, the platform's prediction-market annualized revenue exceeded 200000000 USD, while average USDC holdings on the platform were approximately 22000000000 USD, reaching another record high.

According to BIT stock-platform data,Coinbase (COIN) closed down 1.07%, then closed down another 4.65%.

Original link https://m.theblockbeats.info/flash/374475

Key points

Coinbase released 2026 third-quarter earnings report for, with total revenue of approximately 1216000000 USD, down year-on-year by 35%。
Transaction revenue was approximately 590000000 USD, and subscription and services revenue was approximately 570000000 USD。
Net income was approximately 719000000 USD, with diluted earnings per share of 2.51 USD; adjusted EBITDA was approximately 333000000 USD, below approximately that of the same period last year 801000000 USD。
The company said consumer spot trading volume declined by approximately 59%, and institutional spot trading volume declined by approximately 53%, partly offset by growth in derivatives operations following the acquisition of Deribit.
Gains from investment crypto assets were approximately 715000000 USD; operating expenses decreased year-on-year by approximately 17%to approximately 1150000000 USD。
The platform's prediction-market annualized revenue exceeded 200000000 USD, and average USDC holdings on the platform were approximately 22000000000 USD, a record high.
According to BIT stock-platform data,Coinbase（COIN) closed down 1.07%, then closed down another 4.65%。

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Coinbase's core spot trading volume and total revenue both declined, but gains from investment crypto assets increased net income. Derivatives, prediction markets, and USDC holdings performed strongly, though adjusted EBITDA remained below last year.

Why it matters to readers

This indicates that the platform's core trading business is under pressure, while net-income growth is related to gains from investment crypto assets; derivatives, prediction markets, and stablecoin-related businesses have become key areas to watch.

When assessing a company's performance, it is important to look not only at net income but also to distinguish between core business revenue, trading volume, and one-off or volatile asset gains.

Risks and unknowns

The text does not state whether gains from investment crypto assets can be sustained.
The text does not provide the original earnings-report announcement link for Coinbase the company; some data are relayed by BlockBeats.
Whether subsequent consumer and institutional trading volumes, adjusted EBITDA and the Deribit business can continue to improve remains to be seen.

Coinbase Q3 Earnings report: Revenue approximately 1216000000 USD down year-on-year 35%, adjusted EBITDA approximately 333000000 USD

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