Loading...
•
Jun 30, 2021
Coinbase Q2 2021 Earnings Report
Coinbase experienced strong growth and diversification in Q2 2021.
Key Takeaways
Coinbase had a strong Q2 2021, with significant growth in retail MTUs, trading volume, and assets on the platform. The company generated $2.0 billion in net revenue and $1.6 billion in net income, driven by a strong crypto market environment and increased user engagement.
Retail Monthly Transacting Users (MTUs) grew to 8.8 million, up 44% from Q1 2021.
Net revenue reached $2.0 billion, including $1.9 billion in transaction revenue.
Net income was $1.6 billion and Adjusted EBITDA was $1.1 billion.
Institutional Trading Volume was $317 billion, an increase of 47% compared to Q1.
Forward Guidance
Coinbase anticipates volatility in the crypto industry will persist in the near term, resulting in unpredictable quarterly financial results. They are focused on long-term execution and believe products like DeFi will be used by mainstream customers and institutions soon.
Positive Outlook
- Continue to deliver consistent platform performance.
- Bring more assets to Coinbase faster.
- Ship more products in international markets.
- Integrate with third-party interfaces and self-custody.
- Scale to match industry growth.
Challenges Ahead
- MTUs can fluctuate with crypto asset prices and volatility.
- Trading Volume can fluctuate with crypto asset prices and volatility.
- Transaction revenue can fluctuate with crypto asset prices and volatility.
- Regulatory clarity remains slow to come.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...