05:49 AM EDT, 08/01/2025 (MT Newswires) -- (Updates with the stock price movement in the headline and the last paragraph.)

Coinbase Global ( COIN ) reported Q2 adjusted earnings late Thursday of $0.12 per diluted share, down from $1.10 a year earlier.

Analysts surveyed by FactSet expected $1.25.

Revenue in the three months ended June 30 rose to $1.5 billion from $1.45 billion a year earlier.

Analysts polled by FactSet expected $1.59 billion.

The company's shares were down nearly 12% in recent premarket activity Friday.