Coinbase Global (COIN) Revenue — Quarter Ended Sep 30, 2023
Revenue declined from the preceding quarter but rose compared with the same quarter one year earlier. The contraction from the prior period continued a sequential downtrend that had persisted for several quarters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined from the preceding quarter but rose compared with the same quarter one year earlier. The contraction from the prior period continued a sequential downtrend that had persisted for several quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$674.1M
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
+14.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $629.1M | -74.8% |
| Mar 31, 2023 | $772.5M | -33.8% |
| Jun 30, 2023 | $707.9M | -12.4% |
| Sep 30, 2023 | $674.1M | +14.2% |
Revenue performance
Revenue for the reporting quarter was lower than the immediately preceding quarter, marking a continued sequential decline. However, the year-over-year comparison showed growth.
Quarterly comparison
Compared with the prior quarter, revenue decreased, extending the pattern of sequential declines seen in recent periods. Relative to the same quarter one year earlier, revenue increased.
What to watch
The filing contains standard risk-factor language about forward-looking statements and future performance, but no specific new risk disclosures are highlighted for this quarter.