USD

AED

AFN

ALL

AMD

ANG

AOA

ARS

AUD

AWG

AZN

BAM

BBD

BDT

BGN

BHD

BIF

BMD

BND

BOB

BRL

BTN

BWP

BYN

BZD

CAD

CDF

CHF

CLF

CLP

CNH

CNY

COP

CRC

CUC

CUP

CVE

CZK

DJF

DKK

DOP

DZD

EGP

ERN

ETB

EUR

FJD

FKP

GBP

GEL

GHS

GIP

GMD

GNF

GTQ

GYD

HKD

HNL

HRK

HTG

HUF

IDR

ILS

IMP

INR

ISK

JMD

JOD

JPY

KES

KGS

KHR

KMF

KPW

KRW

KWD

KYD

KZT

LAK

LBP

LKR

LRD

LSL

LYD

MAD

MDL

MGA

MKD

MMK

MNT

MOP

MRO

MRU

MUR

MRU

MUR

MVR

MWK

MVR

MWK

MXN

MYR

MXN

MYR

MZN

NAD

MZN

NAD

NGN

NIO

NGN

NIO

NOK

NPR

NOK

NPR

NZD

OMR

NZD

OMR

PAB

PEN

PAB

PEN

PGK

PHP

PGK

PHP

PKR

PLN

PKR

PLN

PYG

QAR

PYG

QAR

RON

RSD

RON

RSD

RUB

RWF

RUB

RWF

SAR

SBD

SAR

SBD

SCR

SDG

SCR

SDG

SEK

SGD

SEK

SGD

SHP

SLL

SHP

SLL

SRD

SSP

SRD

SSP

STD

STN

STD

STN

SVC

SYP

SVC

SYP

SZL

THB

SZL

THB

TJS

TMT

TJS

TMT

TND

TOP

TND

TOP

TRY

TTD

TRY

TTD

TWD

TZS

TWD

TZS

UAH

UGX

UAH

UGX

UYU

UZS

UYU

UZS

VES

VND

VES

VND

VUV

WST

VUV

WST

ZAR

ZMW

ZAR

ZMW

ZWL

Cryptoknowmics 2022-05-11 07:30:42

Coinbase Q1 2022 Earnings Report Reveals Huge Loss

US-based cryptocurrency exchange Coinbase reported a huge Q1 loss of $430 million compared to an $840 million profit in Q4 2021. The earnings release resulted in a declining value for Coinbase’s stock and the overall US equities market as a whole. Coinbase Records Net Loss of $430M for Q1 2022 In a recently released earnings report for the first quarter of 2022, Coinbase disclosed that it incurred a Q1 loss of $430 million compared to an $840 million profit in Q4 2021. At the same time, trading volumes came in at $309 billion for the period, down from Q4 2021’s $547 billion. The company further revealed that it pulled in $1.17 billion in revenue, well short of the $2.5 billion it took in Q4, and far below analysts’ Q1 predictions of $1.5 billion. “The first quarter of 2022 continued a trend of both lower crypto asset prices and volatility that began in late 2021. These market conditions directly impacted our Q1 results,” the company said. Coinbase Stock Plummets Following Earnings Reveal The release of the Q1 2022 report caused Coinbase shares, which had closed the trading day around $73, drop down to as low as $62 in after-hours trading. Shares of the company dropped about 70% year-to-date to $72.99, well below the reference price of $250 indicated at the time of listing. Despite the disappointing financial results, Coinbase remains optimistic over the long term in its Q1 letter to shareholders. “We believe these market condi...

Related News

Top 7 Altcoin Picks Amidst Crypto Market Turmoil
15 Apr 2024
Uncover the Explosive Potential: Why BRISE, BEFE,...
15 Apr 2024
Why BRISE, BEFE, and CENX Are the Top Cryptocurren...
15 Apr 2024
WIENERAI Could Be The Future Of Meme Coins As It R...
15 Apr 2024
These MEME Coins Stand Strong Amidst Market Drop,...
15 Apr 2024
Chimpzee NFT Passports Open To The Public On April...
15 Apr 2024

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Coinbase Q1 2022 Earnings Report Reveals Huge Loss

Most Read News

Related News