Coinbase Q3 2026 results show prediction markets topping $200M in annualized revenue

Coinbase ’s prediction markets topped $200 million in annualized revenue in the third quarter of 2026, while the exchange reported sharply contrasting financial results: revenue fell 35% year over year, but net income climbed 66%, largely on unrealized crypto gains. Revenue totaled $1.22 billion , broadly unchanged from the previous quarter, according to Coinbase’s earnings report released on October 29. Net income reached $719 million , up from $433 million a year earlier, ending three consecutive quarters of losses. Earnings per share came to $2.51.

Source: The Cryptonomist