Coinbase Global Inc Ordinary Shares - Class A
COIN: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <P< | LOCK|>B$ | LOCK|DHhmW$J |
Coinbase Earnings: Break Even Results as Weak Cryptocurrency Market Conditions Depress Revenue
Coinbase reported weak first-quarter earnings, with revenue down 31% from last year to $1.41 billion as cryptocurrency prices fell. The drop in revenue caused Coinbase to lose $394 million, though this includes a $482 million pretax loss on cryptocurrency investments.
