Company news: Coinbase Global (COIN) posts mixed quarterly results

Coinbase Global (COIN) reported Q1 FY2025 earnings of $1.94 per share (versus $2.53 per share in Q1 FY2024), slightly beating analysts’ consensus estimate of $1.93 per share.

The company’s quarterly revenues amounted to $2.034 bln (+24.2% y/y), missing analysts’ consensus estimate of $2.096 bln.

COIN fell to $203.78 (-1.32%) in pre-market trading.