Coinbase Q4 Earnings Highlights: Trading Platform Welcomes 'Dawn Of A New Era For Crypto'

Financial Performance - Coinbase reported fourth-quarter revenue of $2.3 billion, an increase of 88% quarter-over-quarter, surpassing the Street consensus estimate of$ 1.83 billion [1] - The company achieved transaction revenue of $1.6 billion, up 172% quarter-over-quarter, and subscription and services revenue of$ 641 million, up 15% quarter-over-quarter, exceeding guidance of $505 million to$ 580 million [2] - Full fiscal year revenue reached $6.6 billion, a 111% increase year-over-year, with full-year transaction revenue at$ 4 billion, up 162% year-over-year [4] Trading Volume and Market Share - Consumer trading volume in the fourth quarter was $94 billion, up 176% quarter-over-quarter, outpacing the U.S. spot market growth of 126% [2] - Bitcoin accounted for 27% of trading volume and transaction revenue, down from 37% and 35% in the third quarter, while Ethereum made up 10% of both trading volume and transaction revenue, down from 15% and 13% [3][4] - XRP Token contributed 14% to transaction revenue in the fourth quarter [4] Future Outlook - Coinbase expressed optimism about strong momentum due to regulatory clarity and a new White House administration, indicating a new era for crypto [5] - The company plans to focus on building and aims to drive revenue and utility, with a first-quarter subscription and services revenue guidance of$ 685 million to $765 million [6] - As of February 11, the company reported transaction revenue of$ 750 million [6] Stock Performance - Coinbase stock rose 3.5% to $308.53 in after-hours trading, with an 8.4% increase to$ 298.11 during Thursday's trading session [7]