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Instant Reaction: Coinbase's Cost Cuts, Subscription Growth, and Cash Position

Coinbase is cutting costs quickly, but still reporting losses. Can it survive the current crypto winter and come out ahead in the next bull run?

By Travis Hoium and Jon Quast – Nov 4, 2022 at 8:46AM EST

Coinbase (COIN +0.11%) reported earnings after the market closed on Nov. 3, 2022. The company reported another large loss, but cost cuts are starting to take hold and subscription revenue is surging. Travis Hoium and Jon Quast discuss the good and the bad of the quarter in the video below. 

*Stock prices used were end-of-day prices of Nov. 3, 2022. The video was published on Nov. 3, 2022.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Jon Quast has positions in Amazon. Travis Hoium has positions in Alphabet (A shares) and Snap Inc. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), and Amazon. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool. 

Stocks Mentioned

Coinbase Global Stock Quote
Coinbase Global
NASDAQ: COIN
$197.96
(+0.11%)+$0.21
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$398.27
(+2.53%)+$9.84
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$275.00
(+0.53%)+$1.45
Snap Stock Quote
Snap
NYSE: SNAP
$6.11
(0.00%)+$0.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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