๐น Revenue: $1.22B (Est. $1.29B) ๐ด
๐น Transaction Revenue: $599.2M (Est. $635.1M) ๐ด
๐น Subscription and Services: $555.1M (Est. $594.4M) ๐ด
๐น Net Income (Loss): $(359.5)M
๐น Adjusted EBITDA: $207.8M
๐ธ Crypto Trading Volume Market Share: 10.3%, record 3rd consecutive quarter
Other Q2 Metrics:
๐น Net Revenue Ex-BTC Spot Trading: 88% of net revenue
๐น Average USDC Held: $20B, all-time high
๐น Prediction Markets Revenue: +106% QoQ
Comments:
๐ธ โIn 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.โ
๐ธ โOur 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.โ