Coinbase Reports Q3 2026 Net Income of $719 Million Amid Revenue Diversification
Coinbase Global, Inc. (COIN) reported third-quarter revenue of $1.2 billion, maintaining flat performance quarter-over-quarter despite a 10% decline in overall market spot trading volume. The company demonstrated significant resilience through its subscription and services segment, which grew to $570 million and now accounts for 49% of total net revenue. This diversification helped offset an 8% decline in institutional transaction revenue. A major highlight was the rapid scaling of prediction markets, reaching a $200 million annualized revenue run rate just eight months after launch. Additionally, Coinbase reported a significant recovery in profitability with a net income of $719 million and adjusted EBITDA of $333 million. The company also continues to strengthen its balance sheet, holding 18,000 bitcoins and maintaining $8.6 billion in cash and cash equivalents.
Tickers: $COIN
Topics: Crypto Trading Volume Net Income Revenue Stablecoin Revenue Subscription and Services Revenue