Coinbase Global (COIN) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter decreased compared to the prior quarter but increased compared to the same quarter a year earlier. The sequential decline followed a period of strong growth earlier in the fiscal year.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter decreased compared to the prior quarter but increased compared to the same quarter a year earlier. The sequential decline followed a period of strong growth earlier in the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-16.9%
Change from the immediately preceding quarter.
Year-over-year
+78.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2B
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, 2023 | $953.8M | +51.6% |
| Mar 31, 2024 | $1.6B | +112.0% |
| Jun 30, 2024 | $1.4B | +104.8% |
| Sep 30, 2024 | $1.2B | +78.8% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter, reflecting a reversal from the prior upward trend. However, compared to the same quarter one year ago, revenue showed a substantial increase.
Quarterly comparison
When measured against the prior quarter, revenue contracted, while on a year-over-year basis it expanded significantly. This divergence highlights the volatility in the company's revenue stream.
What to watch
The sequential revenue decline warrants attention, especially given the strong year-over-year growth and the company's reliance on market conditions in the cryptoeconomy.