Coinbase's Strategic Leap: strong 2023 earnings signal bright prospects for 2024 and beyond 🤑🚀; Robinhood posts surprise profit in Q4 2023, eyes return to growth 😳📈

FinTech is Eating the World, 16 February

Hey Everyone,

Good morning! We’re finishing another massive FinTech week on Saturday but it’s absolutely worth the wait. On today’s radar, we have two FinTech heavyweights - we will look at Coinbase's strategic leap and strong 2023 earnings (a holistic view at Coinbase focusing on financial performance, market position, strategic initiatives, and potential risks & opportunities to see why their future is brighter than many think), and Robinhood that just posted a surprise profit in Q4 2023 (a closer look to see whether Robinhood is worth your time and money in 2024). So let’s jump straight into the fascinating stuff 🌶

Coinbase's Strategic Leap: strong 2023 earnings signal bright prospects for 2024 and beyond 🤑🚀

Earnings call 📞 Crypto pioneer Coinbase COIN 0.00%↑ just reported its Q4 2023 earnings and the results were impressive.

The company beat both revenue and earnings per share (EPS) estimates, with revenue of $953.8 million and EPS of $1.04, compared to the estimates of $826.1M and $0.02 respectively.

Let’s take a holistic view at Coinbase focusing on several critical aspects, including financial performance, market position, strategic initiatives, and potential risks and opportunities to see why their future is brighter than many think.