February 16, 2024 (Globalinvestorideas.com Newswire) Investorideas.com (www.investorideas.com) Bitcoin/Crypto Stock News Bites – Remote-First-Company / Coinbase Global, Inc. (NASDAQ: COIN) announced today the release of its fourth quarter and full year 2023 shareholder letter. The letter, including the Company’s financial results, can be found on its Investor Relations website at investor.coinbase.com.

The stock is currently trading up at $192.21, up $26.54 (+16.03%).

Excerpt from shareholder letter

In 2023, we saw our operational rigor pay off. We achieved our financial goal,launched new innovative products, strengthened our competitive position,and doubled down on our efforts to create momentum for a workableregulatory framework for crypto in the US.For the full-year, we generated net income of $95 million and positiveAdjusted EBITDA in all four quarters, totaling nearly $1 billion – consistentwith our financial goal to generate positive Adjusted EBITDA in all marketconditions. We diversified our full-year 2023 total revenue base of $3.1 billionby generating $1.4 billion in subscription and services revenue. Meanwhile,our balance sheet strengthened as we increased our total $USD resources to$5.7 billion while simultaneously reducing total debt by 12%.Beyond the numbers, we accelerated product velocity. We launched CoinbaseInternational Exchange, eligible customers can now access derivativeproducts through Coinbase Financial Markets, launched Base, and weacquired key licenses, registrations or launched operations in 6 new markets.We have improved our existing product suite and laid important foundationsfor future growth.In 2024 Coinbase will focus on three main priorities. First, driving revenuethrough improving our core trading and USDC. Second, driving utility incrypto with experiments in payments using USDC and Base. Lastly, we willcontinue to drive regulatory clarity for the industry. All told, Coinbase is afundamentally stronger company today than a year ago, and we are in astrong financial position to capitalize on the opportunities ahead.

Read the company’s full news and disclaimer here:



Research more crypto and bitcoin stocks with Investorideas.com stock directory


About Investorideas.com – Big Investing Ideas

Investorideas.com is the go-to platform for big investing ideas. From breaking stock news to top-rated investing podcasts, we cover it all. Our original branded content includes podcasts such as Exploring Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create free investor stock directories for sectors including mining, crypto, renewable energy, gaming, biotech, tech , sports and more. Public companies within the sectors we cover can use our news publishing and content creation services to help tell their story to interested investors. Paid content is always disclosed.

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: More disclaimer and disclosure info https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Follow us on Twitter @investorideas and @stocknewsbites

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Sign up for free stock news alerts at Investorideas.com


Contact Investorideas.com

800 665 0411