Morning Minute: Coinbase Misses Earnings on Surprise Loss
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes or less, downloadable on Apple Pod or Spotify. GM! Todays top news:Crypto majors fall another 1-2% while stocks are green; BTC at $80.2kCoinbase misses earnings with a surprise net loss; prediction markets are boomingTom Lee says his ETH buying may slow as he approaches 5%AWS launches new system with Coinbase and Stripe to let AI agents use stablesTethers Medical AI model QVAC MedPsy crushes benchmarks, can run on a smart phone ???? Coinbase Misses Earnings, But Prediction Market Booms Coinbase reported Q1 2026 earnings on Thursday after the bell and the headline numbers were rough.Revenue came in at $1.41 billion against a $1.48 billion consensus, a 31% year-over-year decline.The EPS was a net loss of $1.49 per share against analyst expectations for a $0.27 profit (big miss)Consumer transaction revenue fell 45% year-over-year to $734 million.Operating expenses rose 22% to $1.5 billion. COIN fell 4% in after-hours trading. But on the positive side, institutional transaction revenue grew 31% year-over-year to $185 million, driven by