Coinbase Global, Inc. (COIN) reported $2.03 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 24.2%. EPS of $1.94 for the same period compares to $1.65 a year ago.
The reported revenue represents a surprise of -4.12% over the Zacks Consensus Estimate of $2.12 billion. With the consensus EPS estimate being $1.85, the EPS surprise was +4.86%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Coinbase Global performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Trading Volume: $393 billion versus $387.82 billion estimated by five analysts on average.
- Trading Volume - Institutional: $315 billion versus $308.43 billion estimated by five analysts on average.
- Trading Volume - Consumer: $78 billion compared to the $79.4 billion average estimate based on five analysts.
- Monthly Transacting Users: 9.7 million versus 9.17 million estimated by four analysts on average.
- Other revenue: $73.98 million versus the seven-analyst average estimate of $72.47 million. The reported number represents a year-over-year change of +31.9%.
- Net Revenue- Transaction revenue: $1.26 billion versus the seven-analyst average estimate of $1.28 billion. The reported number represents a year-over-year change of +17.2%.
- Net revenue: $1.96 billion compared to the $1.98 billion average estimate based on seven analysts. The reported number represents a change of +23.5% year over year.
- Net Revenue- Total Subscription and services: $698.10 million versus $698.46 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +36.6% change.
- Net Revenue- Transaction revenue- Institutional, net: $98.90 million compared to the $122.37 million average estimate based on five analysts. The reported number represents a change of +15.8% year over year.
- Net Transaction Revenue- Consumer, net: $1.10 billion versus the five-analyst average estimate of $1.15 billion.
- Net Transaction Revenue- Other transaction revenue: $67.80 million versus $68.23 million estimated by five analysts on average.
- Net Revenue- Subscription and services- Blockchain: $196.60 million versus the four-analyst average estimate of $217.51 million. The reported number represents a year-over-year change of +30.3%.
Shares of Coinbase Global have returned +11% over the past month versus the Zacks S&P 500 composite's +11.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
