The company said, “In October, we generated approximately $190 million of total transaction revenue, and we expect Q4 subscription and services revenue to be within a range of $505-$580 million. We expect Q4 transaction expenses will be in the mid-teens as a percentage of net revenue. We expect technology & development and general & administrative expenses to range from $690-$730 million. Finally, we expect sales and marketing expenses to increase Q/Q to $170-$220 million, primarily driven by higher USDC rewards expense and higher seasonal brand spend.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Coinbase reports Q3 revenue $1.2B, consensus $1.25B
- Notable companies reporting after market close
- Crypto Community Erupts in Support Battle Between Trump and Harris
- Options Volatility and Implied Earnings Moves Today, October 30, 2024
- Coinbase to integrate Visa Direct network to deliver real-time account funding