Coinbase stock jumps 16% after earnings miss — what COIN traders watch after Presidents Day
Coinbase shares surged 16.46% Friday to $164.32, rebounding after a sharp drop. The company reported a $667 million Q4 net loss, citing $718 million in crypto portfolio losses and $395 million in strategic investment losses. Transaction revenue fell to $982.7 million, while stablecoin revenue rose to $364.1 million. Coinbase spent $1.7 billion on buybacks since October, with $2.3 billion still authorized.