youtube
Coinbase delivered a surprise in the third quarter with GAAP earnings per share hitting $2.51, supported by prediction market revenue topping $200 million annually. Even though adjusted EBITDA climbed to roughly $333 million and adjusted expenses contracted to $975 million, total trading volume slipped from $1.30 trillion to $1.21 trillion. Fundamental challenges persist, with an 11.6% EBITDA margin and a negative 7.8% return on equity leading Seeking Alpha's Quant Rating to maintain a Sell grade based on valuation, growth, and profitability metrics.
|
