Coinbase stock drops after-hours on surprise loss; COIN traders brace for Friday test
Coinbase shares fell 7.9% to $141.09 in after-hours trading Thursday after posting a surprise quarterly net loss of $666.7 million, or $2.49 per share, missing analyst forecasts. Transaction revenue dropped to $982.7 million as trading slowed. Subscription and services revenue reached $727.4 million, with the company forecasting a softer outlook for the current quarter.