FinancialJuice: $COIN Coinbase Q3 Earnings

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Revenue $1.22B, est. $1.22BAdjusted EBITDA $332.9M, est. $282.9MTransaction revenue $590M, est. $575MSubscription & Services revenue $570M, est. $564MTrading volume $134.5BCrypto trading volume market share 10.7%, doubled y/yQ3 reflected soft crypto market conditionsMacro headwinds have begun to shiftSees Q4 Subscription & Services revenue $550M to $630MSees Q4 adjusted expenses $1.007B to $1.157BSees Q4 transaction expenses in mid-teens % of revenueQ4 transaction revenue approximately $165M quarter-to-date