Coinbase Global Full Year 2024 Earnings: Beats Expectations

Coinbase Global (NASDAQ:COIN) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.29b (up 115% from FY 2023).
• Net income: US$2.58b (up by US$2.48b from FY 2023).
• Profit margin: 41% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$10.42 (up from US$0.40 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coinbase Global Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.1%. Earnings per share (EPS) also surpassed analyst estimates by 40%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$5.46b (87% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$1.47b (44% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$541.4m. Explore how COIN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Coinbase Global that you should be aware of.

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