Coinbase Q3 Earnings Show 66% Profit Jump as Prediction Markets Grow
Summary
Coinbase reported Q3 2026 net income of $719 million, up 66% year over year, while revenue fell 35% to $1.22 billion. A $715 million investment gain contributed substantially to profit. Transaction revenue declined 43% to about $590 million, and spot and derivatives volumes also fell. Prediction markets generated more than $200 million in annualized revenue, while subscriptions and services brought in $570 million and stablecoin-related revenue reached $328 million. The results show Coinbase diversifying beyond trading, though its earnings and core business remain exposed to crypto prices and market activity.
