Coinbase Global, Inc. Reports $1.3 Billion Quarterly Profit
The company records $2.3 billion revenue for Q4 ended Dec 31, 2024
Coinbase Global, Inc. [COIN] reported $1.3 billion profit for Q4 ended Dec 31, 2024, showing an increase of $214 million from the previous quarter.
The company revealed in its 8-K filing to the SEC dated Feb 13, 2025 that it generated revenue of $2.3 billion for the period, showing an increase of $1.1 billion from the previous quarter.
The company's profit increased by 19.9% from $1.1 billion in the last quarter.
The revenue of Coinbase Global, Inc. with 3.8 thousand employees on the rolls showed 87.2% an increase from $1.2 billion in the last quarter.
The revenue increased 138.1% from $953.8 million in the same quarter of the previous year.
As of February 13, 2025 end of day trading.