Coinbase posts earnings beat with $674M in Q3 revenue

Coinbase reported a Q3 earnings loss per share of one cent, beating the loss per share analysts expected. 

Additionally, it beat its revenue expectations, posting $674 million. Analysts had previously expected revenue of around $650 million.

Coinbase reported $288.6 million in transaction revenue for Q3, as well as $334.4 million in services and subscription revenue during the period. 

In its shareholder letter, Coinbase said that it’s “on track to deliver meaningful positive adjusted EBITDA for 2023.” Its adjusted EBITDA — earnings before interest, taxes, depreciation and amortization — came in at $181 million, marking the third consecutive quarter of positive adjusted…

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