Coinbase reports Q3 adjusted EBITDA $181M vs ($116M) last year

Reports Q3 revenue $623M vs $576M last year. “Q3 was a strong quarter for Coinbase. Amid multi-year low levels of volatility, we are pleased with our financial results,” the company said. “While we have generated a net loss through Q3, we are on track to deliver meaningful positive Adjusted EBITDA for 2023, reflecting the direction we set at the beginning of the year to be a company that can generate Adjusted EBITDA in all market conditions.”