DECRYPT · 2026-10-29 20:46 UTC

Coinbase Swings to $719 Million Q3 Profit on Crypto Gains

Coinbase reported Q3 net income of $719 million ($2.51 per share), beating analyst expectations of a 15-cent loss, but $715 million came from gains on crypto holdings; adjusted net income was $78 million. Total revenue was $1.22 billion, flat quarter-over-quarter and down 35% year-over-year, with transaction revenue at $590 million beating expectations despite low volatility. Prediction markets crossed $200 million annualized revenue with 82% quarterly compounding growth; subscription revenue rose 3% to $570 million led by stablecoins at $307 million.

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