Coinbase (COIN) said: “We expect Q2 subscription and services revenue to be within $600-$680 million, as we anticipate Q/Q growth in stablecoin revenue to be more than offset by a decline in blockchain rewards revenue due to lower asset prices. We expect Q2 transaction expenses to be in the mid-teens as a percent of net revenue. We expect technology & development and general & administrative expenses to range from $700-$750 million.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Notable companies reporting after market close
- M&A News: “Shape the Future of…Crypto Derivatives” Coinbase Stock (NASDAQ:COIN) Jumps on Deribit Buy
- Robinhood Markets (HOOD) to Offer Crypto Tokenization in Europe
- Crypto Stock Titans Surge as Bitcoin Nears $100K
- Coinbase to acquire Deribit for $2.9B