Coinbase ends three consecutive quarters of losses, records $719M profit

AI-assisted source summary · not independently verified. Content standards

Coinbase reversed three consecutive quarters of losses in Q3, with revenue of $1.22 billion, down 35% year over year, and net profit up 66% to $719 million. Subscriptions and services revenue accounted for 49% of net revenue; Coinbase One paid subscribers grew 24% year over year to a record, while prediction markets’ annualized revenue run rate exceeded $200 million.