Coinbase Q3 Earnings Show 66% Profit Jump as Prediction Markets Grow

TL;DR: Coinbase r eported $719 million in net income for Q3 2026 , marking a 66% increase year over year. However, total revenue declined 35% to $1.22 billion, while prediction markets generated more than $200 million in annualized revenue as the exchange expanded beyond traditional crypto trading. Coinbase reported a significant increase in third-quarter net income, returning to profitability after a challenging period for its core trading business. According to its October 29 earnings report, Coinbase generated $719 million in net income, compared with $433 million during the same quarter last year. Total revenue reached approximately $1.22 billion, representing a 35% decline year over year. The results highlight the difference between Coinbase’s reported profitability and the pressure still affecting its traditional trading operations.

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