From Nasdaq: 2024-05-03 00:30:15

Coinbase Global (NASDAQ: COIN) held their Q1 2024 earnings call, reporting a strong quarter with increased revenue and adjusted EBITDA. CEO Brian Armstrong highlighted progress on 2024 priorities, including driving revenue, increasing utility in crypto, and pushing for regulatory clarity. CFO Alesia Haas discussed Q1 financial performance, with total revenue growing 72% to $1.6 billion, net income of $1.2 billion, and adjusted EBITDA of $1 billion. The company’s liquidity position is strong, with $7.1 billion in USD resources and customer safeguarded assets reaching $330 billion. Stocks Advisor did not recommend investing in Coinbase according to The Motley Fool.

Read more at Nasdaq: Coinbase Global (COIN) Q1 2024 Earnings Call Transcript