---
title: "Strong tailwinds point to revenue beat"
url: https://diffcoin.com/strong-tailwinds-point-to-revenue-beat/
description: "Coinbase is scheduled to report a top-and-bottom line beat in its Q4 results on Thursday as the crypto broker benefited from strong tailwinds, according to"
published: 2025-02-12
updated: 2025-02-12
author: "Mila"
site: "Diffcoin"
---

# Strong tailwinds point to revenue beat

Coinbase is scheduled to report a top-and-bottom line beat in its Q4 results on Thursday as the crypto broker benefited from strong tailwinds, according to H.C. Wainwright & Co. analyst Mike Colonnese

Crypto exchange Coinbase is expected to report Q4 revenue of $1.911 billion in the first quarter, Colonnese said in a research note. This would imply upside potential compared to the Street’s consensus estimate of $1.8 billion. Coinbase is also expected to earn $2.21 per share in the quarter which is also ahead of the Street’s $2.16 per share estimate.

## ‘Strong tailwinds’

Colonnese noted that “strong tailwinds” in the fourth quarter contributed to better than expected results.

Bitcoin (BTC) crossed $90,000 for the first time in history after Donald Trump’s election victory “proved to be a shot in the arm for the crypto industry,” the analyst wrote. BTC rallied hard and hit a new all-time high of $106,000 in mid-December, highlighting strong investor demand. Ethereum (ETH) also posted strong gains during the 4th quarter, rising 28% q/q to $3,330.

Spot trading volumes on centralized exchanges were off the roof, too, with over $16 billion worth of net inflows into the U.S. spot BTC ETFs recorded. Besides, aggregate spot trading volumes across centralized exchanges spiked 104% quarter-over-quarterto $8.7 trillion in the 4th quarter of 2024. Spot volumes accounted for nearly $3.7 trillion in December, eclipsing the previous all-time high attained in May 2021.

## Coinbase to benefit from ongoing momentum

According to the analyst, Coinbase is positioned to benefit from ongoing momentum. The company is now expected to generate total revenue of $7.3 billion in 2025, up from a prior estimate of $5.3 billion.

Colonnese is also modeling Coinbase to earn $8.29 per share for the full-year 2025, up from a prior estimate of $2.77 per share.

Given favorable tailwinds, the research firm is listing its Coinbase price target from $255 to $330, based on 11.5 times EV/revenue on 2025 revenue estimate of $7.3 billion.

[Source link](https://crypto.news/coinbase-q4-earnings-preview-strong-tailwinds-point-to-revenue-beat/)