Coinbase stock rises as Q1 results beat, but company warns bank disruptions are rattling crypto

Shares of Coinbase Global Inc. rose in extended trading Thursday after the cryptocurrency exchange reported first-quarter results that topped expectations, although the company warned of lower subscription and services revenue and said that the current tremors in the banking industry made for a “volatile” backdrop.

The company reported a first-quarter net loss of $78.9 million, or 34 cents a share, compared with $429.7 million, or $1.98 a share, in the same quarter last year. Revenue fell to $772.5 million, compared with...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase's trading volumes dwindle ahead of earnings, retail volume could have 'bottomed out'Coinbase will share its first-quarter results on Thursday after a quarter dominated by regulatory oversight.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Coinbase Losses Expected to Narrow; Analysts Seek Details About International ExchangeTraders of coinbase (COIN) will likely get some relief when the company reports first quarter earnings for 2023 on Thursday as losses are expected to have narrowed. HeleneBraunn reports
Source: CoinDesk - 🏆 291. / 63 Read more »

Paramount Global shares fall over 25% after weak earnings report, dividend cutParamount Global shares plummet as company cuts dividend and earnings miss estimates.
Source: CNBC - 🏆 12. / 72 Read more »