Coinbase

Morgan Stanley cuts its price target for Coinbase from $258 to $120 and warns that revenues could recover more slowly than expected. The reasons are sharply declining trading volumes, uncertain sentiment after the Binance hack and muted revenue prospects. Coinbase reported a about 34% drop in net revenue in the third quarter to $1.22 billion; adjusted net income was $78 million. The news triggered heavy selling; the stock initially fell more than 13% and continued its downward trend into the new trading week. » More on deraktionaer.de

Coinbase reported a net profit of $719 million in the third quarter, up 66% year‑on‑year, driven mainly by valuation gains on held crypto assets (+$715 million). Total revenue was $1.22 billion (‑35% vs. year‑ago), while spot trading volume declined. Prediction markets showed strong growth, with annualized revenues rising above $200 million, and stable income from stablecoin activities (USDC: $21 million); subscriptions and services account for almost half of net revenues. Analysts at Bernstein and William Blair maintained their ratings at “Outperform.” » More on deraktionaer.de

In Q3 2026 Coinbase reported a net profit of $719 million, largely driven by valuation gains on crypto holdings; adjusted net income was only $78 million. Transaction revenues fell 43% to $590.2 million, while operating expenses declined 17% and adjusted EBITDA rose to $333 million. Management points to growing potential in prediction markets, which are less correlated with crypto volatility, but the sustainability of the company’s earnings power must be confirmed in the coming quarters. » More on finanzen.net

Coinbase reported third-quarter net income of $719 million, up 66% year‑over‑year, driven by gains in its cryptocurrency investment portfolio as bitcoin rose about 39% in the quarter. The company earned $2.51 per share while revenue came in at $1.20 billion, slightly below expectations. Coinbase continued to expand into non‑crypto products, including AI integrations, tokenized real‑world assets and prediction markets, with prediction markets revenue exceeding $200 million annualized and trader activity up 60% versus Q2. » More on cnbc.com

Coinbase reported weaker trading volumes and a net loss of $359.5 million in the second quarter, while subscription & services remained steady at $555.1 million. For the third quarter the company expects subscription & services revenue of $500–580 million and lowered adjusted expenses for the year after a workforce reduction in May. Analysts remain mostly positive, but the wide range of price targets continues to signal uncertainty about the operational momentum. » More on finanzen.net