Coinbase Q3 2026 results show prediction markets topping $200M in annualized revenue

Coinbase ’s prediction markets topped $200 million in annualized revenue in the third quarter of 2026, while the exchange reported sharply contrasting financial results: revenue fell 35% year over year, but net income climbed 66%, largely on unrealized crypto gains. Revenue totaled $1.22 billion , broadly unchanged from the previous quarter, according to Coinbase’s earnings report released on October 29. Net income reached $719 million , up from $433 million a year earlier, ending three consecutive quarters of losses. Earnings per share came to $2.51. Among the results was a $715 million gain tied to crypto assets held for investment purposes, up from $424 million recorded in the same quarter a year earlier. Adjusted net income was $78 million .

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