Coinbase Global (COIN) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter but increased substantially compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the immediately preceding quarter but increased substantially compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-11.5%
Change from the immediately preceding quarter.
Year-over-year
+104.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.7B
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 |
|---|---|---|
| Sep 30, 2023 | $674.1M | +14.2% |
| Dec 31, 2023 | $953.8M | +51.6% |
| Mar 31, 2024 | $1.6B | +112.0% |
| Jun 30, 2024 | $1.4B | +104.8% |
Revenue performance
The reported revenue declined sequentially, reflecting a reversal from the prior quarter's growth.
Quarterly comparison
When compared to the same quarter last year, revenue showed a strong increase, indicating robust year-over-year performance.
What to watch
The sequential decline warrants attention, especially given the significant annual gain.