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?
Coinbase (COIN -5.10%) 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.
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.
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