Coinbase posted third-quarter net income of $719 million, or $2.51 per diluted share, against analysts' expected loss of 15 cents per share, according to Zacks. About $715 million of that profit came from gains on crypto the company holds as an investment, and adjusted net income was $78 million. Revenue of $1.22 billion was in line with expectations, flat from the prior quarter and down 35% year over year, while transaction revenue slipped 1% to $590 million but beat about $527 million expected. Prediction markets surpassed $200 million in annualized revenue, and adjusted EBITDA rose 60% from the prior quarter to $333 million, while Coinbase cut its 2026 adjusted expense guidance by $100 million at the midpoint to $4.15–4.3 billion.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/28/2026 | 81,343.50 |
| Change that session | +0.54% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/28/2026 | 2,359.68 |
| Change that session | +0.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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