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Ohene

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[https://s27.q4cdn.com/397450999/files/doc_financials/2021/q4/Coinbase-Q421-Shareholder-Letter.pdf]

Coinbase 4Q Revenue Beats Estimates: Snapshot

By Cara Moffat and Bloomberg Automation

(Bloomberg) --
Coinbase reported revenue for the fourth quarter that beat the average analyst estimate.

FOURTH QUARTER RESULTS

  • Revenue $2.50 billion, +90% q/q, estimate $2 billion (Bloomberg Consensus)
    • Transaction revenue $2.28 billion vs. $1.09 billion q/q, estimate $1.73 billion
    • Subscription & services revenue $213.4 million, +47% q/q, estimate $175.1 million
    • Other revenue $8.44 million, estimate $129.8 million
  • EPS $3.32 vs. $1.62 q/q
  • Monthly transacting users 11.4 million, +54% q/q, estimate 9.8 million
  • Trading volume $547 billion, +67% q/q, estimate $501.35 billion
    • Retail trading volume $177 billion, +90% q/q, estimate $142.42 billion
    • Institutional trading volume $371 billion, +59% q/q, estimate $357.7 billion
  • Assets on platform $278 billion, +9% q/q
  • Adjusted Ebitda $1.21 billion, estimate $873.9 million
YEAR FORECAST

  • Sees average monthly transacting users 5 million to 15 million, estimate 9.6 million
COMMENTARY AND CONTEXT

  • FY 2022 average MTU forecast is "wider"; "Simply put, we have less near-term visibility, and it is currently too early to provide a more precise range"
  • we believe that retail MTU and total Trading Volume will both be lower in Q12022 as compared to Q4 2021
  • User growth: Grew MTUs to 11.4 million – over 4x compared to 2020 – and Verified Users to 89 million
NOTE

  • For Bloomberg Consensus estimates used in this story see: COIN Equity MODL
  • Shares rise 2.7% in post-market trading to $184.40 on 145,764 shares traded
  • 21 buys, 4 holds, 2 sells
  • Conference call website


How is this shyt red after hours?
You have to be kidding me. Exactly why I sold

They beat or were in line of every part of their outlook and expectations

shyt is a joke
 
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the cac mamba

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Gang green rising from the dead
xmilyzz.png


:umad:


Can we get 2 days (in a row) of green? Gotta start somewhere
lJ4OSHc.png
:dead: crazy. the shyt i did buy is up already

looks green tomorrow, i guess they're saying the sanctions are a joke?
 

FabTrey

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MP has been remarkably strong. I got tiny shares. Shouldve loaded the boat instead of trash stocks like SKLZ :francis:
 

FreshFromATL

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This is why you gotta stick to your plan on companies you believe in. Take a look at Square AH. Joint was trading at $83 this morning.
 

ahomeplateslugger

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Like I said the Fed is the only thing holding this market up. If they throw the bag at the market then it’s gonna go up. If they don’t then the market will drop. All this noise is just a distraction. Nothing changed about these companies other than the fed printing money and the interest rates.
 
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