Coinbase's Q1 Earnings Report Boosts Shares Despite Regulatory Concerns.
TL;DR Summary
Coinbase shares surged by over 18% after CEO Brian Armstrong announced in an earnings call that the exchange had a "turning point" quarter in Q1 2023, with 22% net revenue growth and a 24% decrease in operating expenses compared to the previous quarter. Armstrong also noted positive adjusted EBITDA in Q1 and emphasized the company's resilience in the face of crypto market cycles.
- Coinbase Shares Jump 18% After Brian Armstrong Says Exchange Had ‘Turning Point’ First Quarter The Daily Hodl
- Earnings Update: Coinbase Global, Inc. (NASDAQ:COIN) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts Yahoo Finance
- Coinbase is 100% Committed to the US Despite Regulatory Uncertainty: Brian Armstrong CryptoPotato
- Coinbase Shareholder Action Reminder - Coinbase Glb (NASDAQ:COIN) Benzinga
- Coinbase Jumps 17% Post-Earnings; Analysts Praise Results but Worry About Regulatory Uncertainty CoinDesk
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