Coinbase Global, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 09, 2022 at 04:32 pm EDT
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Coinbase Global, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 802.6 million compared to USD 2,033.01 million a year ago. Revenue was USD 808.33 million compared to USD 2,227.96 million a year ago. Net loss was USD 1,093.65 million compared to net income of USD 1,606.35 million a year ago. Basic loss per share from continuing operations was USD 4.95 compared to basic earnings per share from continuing operations of USD 7.77 a year ago. Diluted loss per share from continuing operations was USD 4.98 compared to diluted earnings per share from continuing operations of USD 6.42 a year ago.
For the six months, sales was USD 1,967.49 million compared to USD 3,629.99 million a year ago. Revenue was USD 1,974.76 million compared to USD 4,029.07 million a year ago. Net loss was USD 1,523.31 million compared to net income of USD 2,377.81 million a year ago. Basic loss per share from continuing operations was USD 6.95 compared to basic earnings per share from continuing operations of USD 11.78 a year ago. Diluted loss per share from continuing operations was USD 6.97 compared to diluted earnings per share from continuing operations of USD 9.6 a year ago.
Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides platform, which enables its users to engage in a variety of activities, including discovering, trading, staking, storing, spending, earning and using their crypto assets. The Company offers a suite of products and services that are designed to meet the distinct needs of its three customer groups: consumers, which includes individual retail user customers seeking to discover or trade crypto assets and engage in on chain activities; institutions, which are businesses that include market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations; developers, which comprise of developers, creators, merchants, crypto asset issuers, organizations and financial institutions, and other groups building decentralized protocols, applications, products, or other services on chain.
COINBASE GLOBAL, INC. 
