🔹 Revenue: $1.22B (Est. $1.29B) 🔴
🔹 Transaction Revenue: $599.2M (Est. $635.1M) 🔴
🔹 Subscription and Services: $555.1M (Est. $594.4M) 🔴
🔹 Net Income (Loss): $(359.5)M
🔹 Adjusted EBITDA: $207.8M
🔸 Crypto Trading Volume Market Share: 10.3%, record 3rd consecutive quarter
Other Q2 Metrics:
🔹 Net Revenue Ex-BTC Spot Trading: 88% of net revenue
🔹 Average USDC Held: $20B, all-time high
🔹 Prediction Markets Revenue: +106% QoQ
Comments:
🔸 “In Q2 we hit our 3rd consecutive all-time high in crypto trading volume market share, proving our Everything Exchange can deliver in all market conditions.”
🔸 “Our tightly managed expenses came in below the midpoint of guidance for every major expense line, and we reached a new all-time high in crypto trading volume market share for the third quarter in a row.”