Coinbase Q2 earnings miss Wall Street estimates with disappointing numbers

Coinbase failed Wall Street’s expectations in Q2 2025, pulling in $1.5 billion in revenue and $1.4 billion in net income instead of the projected $1.6 billion, according to the company’s quarterly filing. The figures include a $1.5 billion unrealized gain from strategic investments and another $362 million from its crypto holdings. Even without those, Adjusted Net Income stood at $33 million, and Adjusted EBITDA reached $512 million. Transaction revenue came in at $764 million, while subscriptions and services brought in $656 million, fueled by rising USDC balances, increased staking activity, and record Prime Financing balances. By the end of June,...