Coinbase Glb Q1 Total Revenue $1.638B Beat $1.340B Estimate
Portfolio Pulse from Benzinga Newsdesk
Coinbase Global (COIN) reported Q1 total revenue of $1.638 billion, surpassing the analyst consensus estimate of $1.340 billion by 22.18%. This represents a 111.98% increase over the previous year's sales of $772.529 million.
May 02, 2024 | 8:06 pm
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Coinbase Global reported a significant beat on Q1 revenue estimates, with a 22.18% higher revenue than expected and a 111.98% increase year-over-year.
The substantial beat on revenue estimates and the significant year-over-year growth indicate strong financial performance and operational efficiency, likely leading to positive investor sentiment and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100