Coinbase Q1 Earnings Fall Short Despite Revenue Growth

Coinbase Global Inc. released its earnings for the first quarter of 2025, revealing a profit of $65.6 million, or $0.24 per share, significantly lower than the $1.18 billion earned in Q1 2024. While adjusted profit excluding crypto investment gains reached $527 million ($1.94 per share), revenue saw an increase to $2.03 billion from $1.64 billion last year. However, analysts’ estimates were surpassed, indicating potential underperformance.