CRCL Stock Price Rallies as Circle Reports $865M in Q3 Revenue

Key Insights: Circle (CRCL) stock price closed at $75.22 on Tuesday, with a surge of over 4% Circle’s Q3 revenue and reserve income rose 17% to $865 million; ARC supplied $182 million. Average USDC circulation reached $73.3 billion; Circle kept its 40% long-term growth target. CRCL stock price closed at $75.22, up $3.14, or 4.36%. It then slipped 0.48% to $74.86 in premarket trading. Circle Internet Group released its third-quarter report on November 4. Revenue and reserve income reached $865 million, up 17% year over year. Net income from continuing operations rose 5% to $226 million. Adjusted earnings per share reached $0.84 and topped estimates by $0.61. Adjusted EBITDA climbed 85% to $317 million. Circle stock investors will weigh those figures against falling reserve returns and ARC presale revenue.

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