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Coinbase Global Inc Ordinary Shares - Class A

COIN: XNAS (USA)

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Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$997.00	Yjw	Mwvfwvyq

Coinbase Earnings: Strong Cryptocurrency Markets Power a Return to Profitability for Coinbase

Feb 16, 2024

No-moat-rated Coinbase reported strong fourth-quarter results as a surge in cryptocurrency prices and volatility drove a sharp recovery in the company’s trading revenue. Revenue increased 38% from last year and 42.5% from the previous quarter to $953 million. Meanwhile, Coinbase returned to GAAP profitability with diluted earnings per share of $1.04, though the company did benefit from a $171 million tax benefit during the quarter.

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