Analysts Slash Coinbase Q3 Revenue Estimates: What's Behind the Drop?

Coinbase Global (NASDAQ: COIN) is bracing for impact. Analysts have significantly cut down Q3 revenue estimates for Coinbase, projecting a figure of $609 million, a steep drop of 7%. What's driving this downward revision? The answer lies in the crypto markets themselves.

Analysts expect a slowdown in spot trading volume to hurt Coinbase's revenue in the third quarter. This expectation stems from recent performance. Investors are dumping shares after revenue on the platform came in at $1.2 billion, falling $60 million short of the $1.26 billion Wall Street analysts expected. The company Coinbase Global (NASDAQ: COIN) is expected to post a notable decline in its Q3 revenue as Wall Street sees further softening in crypto trading volume.

The exchange reports Q3 earnings post-market on Wednesday. All eyes will be on the actual figures released by Coinbase. The crypto Coinbase shares were down almost 4% in after-hours trading after the crypto exchange reported third quarter earnings that fell just short of analyst estimates.

Even beyond Q3, analysts are revising their longer-term outlook. H.C. Wainwright analysts have lowered their revenue estimates for Coinbase, projecting $5.45 billion for 2025 (down from $5.67 billion) and $5.37 billion for 2025. Analysts expect a slowdown in spot trading volume to hurt Coinbase's revenue in the third quarter. The exchange reports Q3 earnings post-market on Wednesday. The implications of this reduced growth are being carefully assessed by investors.

It's worth noting that For the Coinbase Global Inc. (NASDAQ: COIN) reported underwhelming Q3 2025 financial results on Wednesday, missing revenue and earnings expectations, which sent ripple effects through the market. Keep an eye on the upcoming Q3 earnings report for a clearer picture of Coinbase's current standing in a fluctuating crypto landscape.