Zhitong App has learned that on Friday, February 16th, the stock price of Coinbase (COIN.US) rose, with the stock up more than 13% to $187.56 at the time of writing. This is the first time in two years that the company has achieved quarterly profitability.
According to the financial report, Coinbase achieved a net profit of $273 million ($1.04 per share) in the fourth quarter, reversing the loss of $557 million in the same period last year and turning the company's performance from loss to profit. According to FactSet's survey, Coinbase's actual performance significantly exceeded analysts' expectations of earnings per share of 2 cents and sales revenue of $826 million. Coinbase's sales revenue increased from $629 million a year ago to $954 million.
Other cryptocurrency concepts also saw a general rise, with Riot Blockchain (RIOT.US) up more than 2%, Marathon Digital (MARA.US) up more than 3%, and Bit Digital (BTBT.US) up more than 4%.

COIN

Coinbase's stock price rose more than 13%, reaching $187.56, achieving quarterly profitability for the first time in two years. The financial report data shows that Coinbase achieved a net profit of $273 million in the fourth quarter, with earnings per share of $1.04, turning losses into profits. The company's revenue increased from $629 million to $954 million, exceeding analysts' expectations. Other cryptocurrency-related stocks also saw a general rise.