# Сопутствующие статьи по теме Earnings

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Earnings", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Two Paths, One Destination

Coinbase and Robinhood, despite recent earnings misses, are undergoing significant transformations that diverge from simplistic narratives tied to crypto performance. Both are systematically diversifying their revenue streams to reduce cyclical dependency. Coinbase’s subscription and service revenue reached $2.8B in 2025, 5.5x its 2021 peak. It now holds 12% of global crypto assets and is expanding into derivatives (via the Deribit acquisition), prediction markets, and institutional services, partnering with major banks and asset managers like BlackRock. Its long-term goal is to become a foundational settlement layer for on-chain finance. Robinhood’s growth is highlighted by a 27% YoY increase in ARPU to $191, driven largely by its prediction markets—its fastest-growing product line, generating $300M in annualized revenue. Other key drivers include options trading and subscription services. The company is also expanding into banking and private market access through Robinhood Ventures, aiming to capture a share of generational wealth transfer. Though they started from opposite ends—Coinbase in crypto, Robinhood in traditional equities—both are converging toward the same vision: a financial super-app for retail users. They are now competing directly in emerging areas like prediction markets, tokenization, and private market access, with the goal of deepening user financial integration and becoming indispensable platforms.

marsbit02/24 10:36

Two Paths, One Destination

marsbit02/24 10:36

Weekly Preview | Flying Tulip to Conduct TGE on February 23; NVIDIA to Release Earnings Report

Weekly Preview: Key events from Feb 23 to Mar 1 include Flying Tulip's TGE on Feb 23, along with Alchemy Pay's testnet launch for Alchemy Chain. NVIDIA is set to release earnings after market close on Feb 25, which may impact AI-related markets. Significant U.S. policy updates include new 10% tariffs on select imports and President Trump’s State of the Union address, both on Feb 24. Multiple token unlocks are scheduled: Jupiter (JUP) unlocking ~253M tokens (~$39.3M) on Feb 28, and Sui (SUI) unlocking ~43.35M tokens (~$40.46M) on Mar 1. Other notable events include IREN joining the MSCI US Index on Feb 27, and the closure of ProBit Global exchange on Feb 26. Geopolitical attention remains on U.S.-Iran tensions, with potential military and diplomatic developments expected by Feb 23.

marsbit02/22 13:39

Weekly Preview | Flying Tulip to Conduct TGE on February 23; NVIDIA to Release Earnings Report

marsbit02/22 13:39

$619mln gone in Q4 – Can Metaplanet sustain its 210K Bitcoin plan?

Japanese hotel chain and Bitcoin investment firm Metaplanet reported a Q4 2025 net loss of $619 million, primarily due to the devaluation of its Bitcoin holdings. Despite this, the company emphasized that the loss did not impact its operational cash flows. While Bitcoin's price decline led to over $1.2 billion in unrealized losses, Metaplanet's core business performed strongly, with annual revenue surging 738% to ¥1.06 billion ($6.9 million) and operating profit jumping 1,695% to ¥6.3 billion ($41 million). The company has a $500 million credit line secured with its BTC as collateral for potential share buybacks. It aims to hold 210,000 BTC long-term but acknowledges market volatility may affect this plan. Following the earnings report, Metaplanet's stock rose 5.6%.

ambcrypto02/18 04:02

$619mln gone in Q4 – Can Metaplanet sustain its 210K Bitcoin plan?

ambcrypto02/18 04:02

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Coinbase reported a net loss of $667 million in Q4 2025, with revenue of $1.78 billion falling short of expectations. Despite this, its stock surged 16.46% the next day, reflecting short-term market confidence. However, analysts caution against investing in Coinbase at this time, citing high cyclicality and near-term headwinds. The company’s revenue is split between transaction-based income (56%) and subscription & services (44%). Transaction revenue relies heavily on retail trading spreads, which remain vulnerable to crypto market volatility. Subscription revenue includes stablecoin-related income (mainly from USDC interest sharing), staking, and emerging services like Coinbase One and Base L2. Key challenges include Coinbase’s high correlation with Bitcoin’s, regulatory uncertainty in the U.S., and growing competition from decentralized exchanges (DEXs) globally. Although Coinbase maintains a dominant position in the U.S. due to its regulatory compliance and trust, analysts expect continued pressure on brokerage fundamentals through 2026. Earnings are projected to underperform consensus estimates by 14% in 2026, with potential downside in a prolonged crypto downturn. While regulatory clarity may eventually benefit Coinbase, its effects are likely too slow to offset near-term financial weakness. Analysts advise waiting for a better entry point, as current risk-adjusted returns appear unfavorable.

marsbit02/14 06:06

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

marsbit02/14 06:06

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Coinbase reported a net loss of $667 million in Q4 2025, with revenue of $1.78 billion falling short of expectations. Despite this, its stock surged 16.46% the next day, reflecting short-term market optimism. However, analysts caution against investing in Coinbase at this time, citing high cyclicality and near-term headwinds. Revenue is split between transaction-based income (56%) and subscription/services (44%). Transaction revenue relies heavily on retail trading spreads, which are under pressure due to declining crypto prices and reduced volatility. Subscription revenue, led by USDC interest income and staking, offers diversification but remains sensitive to interest rates and market conditions. Key debates include whether Coinbase can reduce its dependence on crypto market cycles, the sustainability of stablecoin profits, and the impact of future regulations. While the company holds a dominant position in the U.S. market due to its regulatory compliance and trust, it faces growing competition from decentralized exchanges globally. Analysts project underperformance in 2026, with earnings potentially 14% below consensus due to compressed client assets and trading activity. Although regulatory clarity may benefit Coinbase long-term, it is unlikely to offset immediate financial pressures. Valuation scenarios range from a negative IRR in a bear case to a high IRR in an optimistic rebound, but near-term risks currently outweigh potential returns.

Odaily星球日报02/14 06:03

Q4 Net Loss of $667 Million, Yet Stock Soars 16%, Don't Buy Coinbase Now

Odaily星球日报02/14 06:03

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

Coinbase and Robinhood faced significant challenges in Q4 2025, revealing their continued heavy dependence on cryptocurrency market cycles despite efforts to diversify. Robinhood reported record annual revenue of $4.5 billion and a net profit of $1.9 billion, with strong growth in traditional trading and options. However, its crypto transaction revenue plummeted 38% year-over-year to $221 million, and app trading volume fell 57% in January 2026. Despite its broader financial offerings, the market still views Robinhood as a Bitcoin-dependent asset, causing its stock to drop 50% from recent highs. Coinbase experienced a steeper decline, with revenue falling 21.6% to $1.78 billion and a net loss of $667 million due to crypto asset depreciation. Retail trading volume collapsed to $59 billion, far below institutional volume of $237 billion. While stablecoin revenue and institutional services provided some support, the sharp drop in high-fee retail activity exposed Coinbase’s vulnerability to crypto market downturns. Both companies illustrate the broader industry issue: declining active users and over-reliance on crypto volatility. Their valuations remain tightly correlated to Bitcoin’s performance. Key takeaways include the necessity of stable revenue streams (like interest and stablecoins), excess infrastructure amid shrinking user demand, and the urgent need for sustainable business models beyond pure crypto speculation. Survival in 2026 will depend on financial resilience rather than growth.

比推02/13 05:43

From High Growth to Hard Reality: The Q4 Stress Test for Coinbase and Robinhood

比推02/13 05:43

February 13 Market Summary: Apple's Worst Single-Day Performance in Five Years, Tonight's CPI is the Ultimate Judge

On February 12th, U.S. markets experienced one of their worst sessions of the year, with major indices declining sharply: the Dow fell 1.34%, the S&P 500 dropped 1.57%, and the Nasdaq plunged 2.03%. The sell-off was largely triggered by Cisco's earnings report. Despite posting record revenue and beating EPS estimates, Cisco’s stock plummeted over 12% due to concerns over shrinking margins from rising memory chip costs and tariff impacts. This raised doubts about the sustainability of AI-driven profitability. The panic spread across tech stocks: Apple fell 5%, Disney dropped 5.31%, and other giants like Meta, Amazon, Nvidia, and Microsoft also declined. Defensive stocks like Walmart and McDonald’s gained as investors sought safety. All eyes are now on the January CPI data, delayed due to a government shutdown and set for release on February 13th. Expectations are for a slight cooling in both headline and core inflation. A lower-than-expected CPI could revive rate-cut hopes and provide relief for risk assets, while a higher reading may further delay Fed easing and intensify selling pressure. Gold showed relative resilience, trading around $4,980-$5,000/oz, while silver fell more sharply. Bitcoin drifted toward $65,000 amid extreme fear in the crypto market, with ETF outflows and AI narrative concerns adding to the pressure. Tonight’s CPI data will serve as a critical catalyst for short-term direction across equities, commodities, and cryptocurrencies.

marsbit02/13 01:58

February 13 Market Summary: Apple's Worst Single-Day Performance in Five Years, Tonight's CPI is the Ultimate Judge

marsbit02/13 01:58

Crypto Morning Report: Coinbase Reports Q4 Net Loss of $667 Million, Binance SAFU Fund Buys Another $300 Million in Bitcoin

Crypto Exchange Coinbase reported a net loss of $667 million in Q4, with revenue declining 20% to $1.8 billion due to a cooling crypto market. Meanwhile, Binance’s SAFU fund purchased an additional 4,545 BTC, worth approximately $304.58 million. In regulatory developments, the CFTC appointed 35 members to its new Innovation Advisory Committee, including leaders from Solana, Ripple, Coinbase, and other major crypto firms. Hong Kong Monetary Authority outlined its 2026 priorities, emphasizing support for sustainable and responsible development of the digital asset industry. Aave Labs proposed a new strategy to direct 100% of Aave-branded product revenue to its DAO treasury, requesting funding of $25 million in stablecoins and 75,000 AAVE tokens in return. Other notable updates include Lighter’s partnership with Circle to share yield from $920 million in USDC deposits, and Cango’s $10.5 million equity financing plus a $65 million investment commitment to expand into AI and computing infrastructure. Market sentiment remains cautious as Bitcoin’s price dipped amid broader economic uncertainty, with upcoming CPI data likely to influence future trends.

marsbit02/13 01:08

Crypto Morning Report: Coinbase Reports Q4 Net Loss of $667 Million, Binance SAFU Fund Buys Another $300 Million in Bitcoin

marsbit02/13 01:08

Coinbase Users Locked Out: Unable To Buy, Sell, Or Transfer Crypto

Coinbase experienced a significant service disruption on Wednesday, preventing users from buying, selling, or transferring cryptocurrency. The outage occurred just before the company's Q4 2025 earnings report, causing its stock (COIN) to drop 8% to $140. Coinbase acknowledged the issue on social media, deployed a fix, and assured users that funds were secure, but did not disclose the root cause. Ahead of earnings, Monness Crespi double-downgraded COIN from buy to sell, citing a $120 price target and predicting continued weakness in the crypto market.

bitcoinist02/12 22:01

Coinbase Users Locked Out: Unable To Buy, Sell, Or Transfer Crypto

bitcoinist02/12 22:01

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