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00:00 Speaker A
Time some more earnings, taking a look now at fourth quarter results from Coinbase. Let’s get you those.
00:06 Speaker A
Uh Q4 adjusted EPS 66 cents. It looks like the street had penciled in 86 cents.
00:13 Speaker A
Uh Q4 just EBIDA, 566 million. Uh the street was closer to 657 million.
00:20 Speaker A
I’m looking for revenue, there it is for Q4, 1.78 billion. The street was closer to 1.83 billion.
00:27 Speaker A
Um for transaction revenue for Q4, 983 million, the street was closer to 1.02 billion.
00:36 Speaker A
Uh looking for guidance. There it is. Uh Q1 subscription and services revenue. Um they’re calling for 550 million to 630 million.
00:44 Speaker A
Don’t see a uh comp yet on that. They are citing lower average crypto prices and staking protocol rates.
00:52 Speaker A
Keep in mind, this one, we’re not doing a whole lot here in the after hours. Um heading into this one, it had been rough.
00:58 Speaker A
We were down more than 30% already this year. You were down more than 40% uh over the past 12 months.
1:06 Speaker A
There a concern of course, there’s been a slide in crypto prices, that the downturn in Bitcoin and what that would mean for the company’s financials, both now and ahead.
1:15 Speaker A
Having said that, uh just looking here, most analysts who cover this name still clearly think the the risk reward attractive, nearly 60% have a buy. The average target per Bloomberg is around 314.