00:00 Speaker A
All right, Coinbase earnings crossing the wire just moments ago here and revenue coming in shy of what analysts had been anticipating. 2.03 billion dollars, 2.11 billion is what analysts had been estimating. Uh just EBITDA beating estimates though at about $929.9 million estimated uh EBITDA there. 971 million dollars transaction revenue pretty much in line with had been estimated, but subscription and services revenue a little shy of what had been estimated. Now, for a company that you would think would trade pretty much in line with uh Bitcoin. That’s not really what’s happened this year. We have seen this stock pull back even as we have seen Bitcoin recover to some extent. I do want to mention though, we did see the shares gain about 5% in today’s session and that’s after it agreed to buy a an options, a crypto options platform called Derabit. So that propelled the shares higher. So to put it in context, the pullback Josh coming after uh the the boost that it got from announcing that. Yeah, I know, I know investors make a beeline for that subscription and services revenue. And that for Q1 comes in at 698. That’s a bit light. Street was more closer to 703. I’m just looking for their Q2 call on that. Uh they’re looking for Q2 subscription services revenue uh between 600 million to 680 million, but that’ll come up. And as well, of course, about the big M&A news they made today, saying they have agreed to buy Derabit for about three billion dollars.
03:11 Speaker B
Mhm.
