Coinbase Q1 2025 Revenue Increases, Net Income Declines
- Coinbase reported $2 billion in total revenue for Q1, up from $1.6 billion in the same period last year.
- Net income was $66 million, down from $1.2 billion, including unrealized gains of $737 million, in the previous year.
- Adjusted EBITDA for the quarter was $930 million, with adjusted net income at $527 million.
- Subscription and services revenue increased by 9% to $698 million quarter-over-quarter.
- The average USDC balance rose by 49% to $12 billion, with USDC revenue up by 32%.
Coinbase’s Q1 results show a significant increase in revenue but a decline in net income compared to the previous year, with notable growth in subscription services and stablecoin balances.
Source (2.6.1)https://cryptoslate.com/coinbase-q1-revenues-up-40-yoy-to-2-billion-while-net-income-down/?rand=24433
