WSJ · 2026-10-29 21:08 UTC

Coinbase Swings to Profit After Big Quarter for Bitcoin

Coinbase returned to profitability in Q3 with $719 million net income ($2.51 per share), ending a three-quarter losing streak. Results were driven by bitcoin and digital-asset price rebounds between July and September, including a $715 million unrealized gain on crypto holdings. Q3 earnings beat analyst expectations of a $51 million loss, significantly outperforming FactSet projections.

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