Coinbase said full-year 2024 total revenue was $6.6 billion, up 111% from a year earlier, with net income of $2.6 billion and Adjusted EBITDA of $3.3 billion. Net income included pre-tax gains of $687 million on its crypto asset investment portfolio.

1. 01

   Coinbase said full-year 2024 total revenue was $6.6 billion, up 111% from a year earlier, with net income of $2.6 billion and Adjusted EBITDA of $3.3 billion. Net income included pre-tax gains of $687 million on its crypto asset investment portfolio.

2. 02

   The company said total revenue for Q4 was $2.3 billion, up 88% from the prior quarter, and transaction revenue was $1.6 billion, up 172%. It said subscription and services revenue rose 15% from the prior quarter to $641 million.

3. 03

   Coinbase said its $USD resources, defined as cash and cash equivalents and USDC (net of USDC loaned or pledged as collateral), were $9.3 billion as of year-end 2024, up $3.8 billion from the end of the prior year and up $1.1 billion from the end of the prior quarter.

4. 04

   The company said it had generated approximately $750 million of transaction revenue through February 11. It expects subscription and services revenue for Q1 to be between $685 and $765 million. It also outlined technology & development and general & administrative expenses of $750 to $800 million, and sales & marketing expenses of $235 to $375 million.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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