News/Coinbase Announced Q1 Results with $430M Net Loss

Coinbase Announced Q1 Results with $430M Net Loss

May 11,2022,10:43
Coinbase published its financial results for the first quarter of 2022. It shows that the company pulled in $1.17 billion in revenue, below analysts' Q1 predictions of $1.5 billion. The net loss, which is the first time for Coinbase since it's been a public company, is $430m. Besides, the number of monthly transacting users dropped from 11.4m last quarter to 9.2m in Q1.
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