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via finance.yahoo.comBusiness & Companies

Coinbase falls 12% after third-quarter 2026 revenue drops 35%

FROM THE WIRE · FINANCE.YAHOO.COM

What happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 12% in the morning session after the company reported third-quarter 2026 financial results showing a 35% year-over-year drop in total revenue. According to a company press release, Coinbase…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRevenue decline and reliance on crypto asset gains weigh on the stock and the crypto sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue was $1.22 billion, down 35% year on year.
  2. 02The shares fell 12% in the morning session.
  3. 03Nearly all net income came from gains on crypto assets held for investment.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Coinbase Global, Inc.COINStock143.54 USDMarket closedtoday -10.62%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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