Moo Earnings wrote a post · Nov 2, 2022 05:53

Coinbase Q3 2022 Earnings Preview - Betting the % change in closing after-hours price to win!

Bet Game

Place your Bet on COIN's percentage change in closing after-hours price (e.g.+3%) of November 3 ET by 7:00 PM, November 3 ET. The mooer with the closest bet will win 300 points!

Lucky Draw

The 10th, 20th, 30th, 40th and so on mooers to comment will get 30 points.

Coinbase 's Q3 FY22 Earnings Conference Call is to be hosted on November 3 after the U.S. markets close! The consensus estimate for revenue is expected at $665.47 million, indicating a nearly 49.3 YoY decline. The EPS is estimated at minus $2.39 for this quarter.

Coinbase is a market-leading brand exclusively focused on the cryptoeconomy. Recently, there is a sharp decline in crypto value, which may impact investors' faith on digital coins investment. According to Coinbase, its Monthly Transacting Users (MTU) were reduced by 20% from the beginning of 2022. While the downtrend seemly slows down to the beginning of Q3. Investors shall watch closely whether users continued to move away from the platform as any rebound could be seen as a key recovery.

Besides, COIN estimates third-quarter subscription revenues to rise, driven by increases in interest income. Whereas COIN estimates sequentially lower trading vlolume in the third quarter, which stilll puts pressure on the top line in the to-be-reported quarter.

Earnings growth will be in focus, when the global economic backdrop has been rocky this year. The upcoming earnings results might offer more information and create more trading opportunities!

Notice:

Rewarding points will be distributed within 5-7 working days after the results are announced.

Rewarding points can be used to exchange gifts at Rewards Club.

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Coinbase Q3 2022 Earnings Conference Call

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