Coinbase profits jump 66% to $719M as prediction markets expand

Community Trust Score Verified 98 % Real Verified 47 votes Updated 6 hours ago Coinbase reported $719 million in net income for the third quarter of 2026, a 66% increase from the $433 million recorded in the same period last year. The earnings report, released on October 29, shows a divergence between the company’s bottom line and its top-line performance, as total revenue declined 35% year over year to approximately $1.22 billion. Annualized revenue from Coinbase’s prediction markets surpassed $200 million during the quarter, approximately doubling from the previous period.