Overview
- Revenue rose 27% to $1.28 billion versus expectations around $1.34–$1.35 billion, while shares fell roughly 7–8% in late trading.
- Earnings came in at $0.66 per share with net income of about $605 million, edging past EPS estimates even as profit declined year over year on tax effects.
- Crypto transaction revenue dropped 38% from a year earlier to $221 million and fell from $268 million in the prior quarter.
- Trading outside crypto strengthened: options revenue jumped about 41% to $314 million, equities climbed 54% to $94 million, and total transaction-based revenue reached $776 million, up 15%.
- Newer lines gained traction as Gold subscribers rose 58% to 4.2 million and ‘other’ transaction revenue, led by prediction/event contracts, hit roughly $147 million, up about 375% and surpassing equity-trading revenue.