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Circle's Q2 revenue was $658 million, a 53% year-on-year increase, exceeding market expectations.
4hours ago

According to Odaily Planet Daily, Circle's Q2 revenue was $658 million, a year-on-year increase of 53%, exceeding the consensus estimate of $647 million.

Among them, reserve income (Reserve) was US$634 million, a year-on-year increase of 50%, slightly exceeding the consensus expectation of US$627 million.

Other income (Other) was US$23.8 million, a year-on-year increase of 252%, exceeding the consensus expectation of US$20.3 million.

Adjusted EBITDA was $126 million, a 52% year-over-year increase

USDC reached $61.3 billion in Q2, a 90% year-on-year increase, accounting for 28% of the overall stablecoin market, and reached $65.2 billion as of August 10th; the reserve return rate was 4.1%, a year-on-year decrease of 103 bps.

The company will hold a conference call at 8:00 a.m. Eastern Time on August 12. Investors will focus on guidance for the next quarter, how management will respond to profit pressure in the interest rate cut cycle, and how the company will promote diversified channel cooperation.

According to SoSoValue's cryptocurrency and stock dashboard, CRCL's pre-market price rose over 5% as of press time. Investors can quickly gain insight into the overall performance of these hot stocks through sector heat maps. On individual stock details pages, they can view their coin hoarding history, executive team, and strategic layout, fully capitalizing on investment opportunities in the "crypto + stock" intersection.