Coinbase Global (COIN) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter rose sharply from both the prior quarter and the same quarter a year earlier. The filing context does not list specific drivers for this result.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter rose sharply from both the prior quarter and the same quarter a year earlier. The filing context does not list specific drivers for this result.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$953.8M
Revenue reported for this quarter.
Quarter-over-quarter
+41.5%
Change from the immediately preceding quarter.
Year-over-year
+51.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.1B
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 |
|---|---|---|
| Mar 31, 2023 | $772.5M | -33.8% |
| Jun 30, 2023 | $707.9M | -12.4% |
| Sep 30, 2023 | $674.1M | +14.2% |
| Dec 31, 2023 | $953.8M | +51.6% |
Revenue performance
Reported revenue increased compared to the immediately preceding quarter. The sequential gain reflects a reversal of the downward trend seen in the first half of the fiscal year.
Quarterly comparison
Revenue was higher than in the same quarter one year earlier. This improvement followed a period of lower revenue in the prior year's corresponding period.
What to watch
No explicit driver or risk for the quarter's revenue change is identified in the filing context.