NASDAQ$COIN
Coinbase Global Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Coinbase's Q1 2022 results were impacted by lower crypto asset prices and volatility, which began in late 2021, but the company remained focused on long-term growth and continued to invest in product development and platform expansion.
Coinbase's Q1 2022 results were affected by lower crypto asset prices and volatility, with MTUs down to 9.2 million and total net revenue at $1.2 billion. The company experienced a net loss of $430 million, but remained focused on long-term growth, investing in product development, and expanding services.
- Q1 MTUs and Revenues decreased Q/Q.
- Results aligned with Coinbase's Q1 outlook.
- Coinbase gained trading volume market share in 7 of the top 10 assets traded on the platform, including BTC and ETH.
- The company continued to invest in product development, including the beta launch of Coinbase NFT and expansion of Coinbase Wallet.
Headline financials
Revenue & EPS history
Coinbase · Revenue · Quarterly
$1.17B
Revenue by segment
Coinbase · $87.8M total across 2 segments · Q1 2022
- Blockchain Rewards$81.9M—93.3%
- Interest and Finance Fee Income$5.9M—6.7%
Forward guidance
Coinbase anticipates lower MTUs and total trading volume in Q2 2022 compared to Q1 2022. Subscription and services revenue is expected to be similar to modestly lower. The company plans to invest significantly throughout the year to build the future of crypto, aiming to manage potential Adjusted EBITDA losses to approximately $500 million for the full year.
Tailwinds
- Continue building the future of crypto.
- Expanding core investing products in international markets.
- Delivering the best self-custody wallet product to serve as the gateway to Web3.
- Serve as the primary financial account for the cryptoeconomy.
- Monitor market conditions to ensure resources are invested responsibly and wisely.
Headwinds
- Continued declines in crypto asset volatility and crypto asset prices.
- Weakness in financial markets.
- We believe MTUs will be lower in Q2 compared to Q1
- We believe total Trading Volume will be lower in Q2 compared to Q1
- We anticipate subscription and services revenue will be similar to modestly lower in Q2 compared to Q1
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-2.8%
Avg return
Earnings day
-2.0%
Avg return
5 days after
-1.3%
Avg return
30 days after
32%
8 / 25 earnings
Positive
+20.1%
Q1 2023
Best reaction
-35.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | +4.6% | -21.0% | |
| Q4 2025 | +16.5% | +16.3% | +38.6% | |
| Q3 2025 | -2.2% | -2.8% | -17.0% | |
| Q2 2025 | -16.7% | -19.6% | -19.4% | |
| Q1 2025 | -3.6% | +27.6% | +21.7% | |
| Q4 2024 | -8.0% | -13.2% | -38.6% | |
| Q3 2024 | -18.4% | -15.2% | +34.8% | |
| Q2 2024 | -8.9% | -13.5% | -18.3% | |
| Q1 2024 | +6.3% | +2.0% | +7.5% | |
| Q4 2023 | +12.4% | +8.1% | +51.1% | |
| Q3 2023 | +10.3% | +14.5% | +71.9% | |
| Q2 2023 | -3.5% | -2.6% | -13.8% | |
| Q1 2023 | +20.1% | +24.2% | +33.1% | |
| Q4 2022 | -6.2% | -10.4% | +1.7% | |
| Q3 2022 | -3.1% | -16.3% | -21.5% | |
| Q2 2022 | -4.0% | -7.7% | -25.4% | |
| Q1 2022 | -35.7% | -18.7% | -23.6% | |
| Q4 2019 | +6.2% | +8.3% | +4.0% | |
| Q4 2021 | +2.4% | +13.6% | +8.1% | |
| Q3 2020 | -5.9% | -3.4% | -28.4% | |
| Q3 2021 | -7.2% | -3.1% | -25.4% | |
| Q2 2020 | -4.9% | -4.8% | -7.9% | |
| Q2 2021 | -0.7% | -6.9% | -8.6% | |
| Q4 2020 | -6.4% | -15.2% | -15.5% | |
| Q1 2021 | -8.9% | -15.7% | -21.0% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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