温馨提示:本站仅提供公开网络链接索引服务,不存储、不篡改任何第三方内容,所有内容版权归原作者所有
AI智能索引来源:http://www.bee.com/ja/60332.html
点击访问原文链接

Gemini’s first earnings report since its IPO: Revenue increased but profit declined, and stock price hit a record low. | Bee Network

Gemini’s first earnings report since its IPO: Revenue increased but profit declined, and stock price hit a record low. | Bee Network Login トレンドニュース ミーム・ローンチパッド AIエージェント デサイ トップチェーンエクスプローラー 初心者向け 100x コイン ビーゲーム 重要なウェブサイト 必須のアプリ クリプトセレブリティ デピン ルーキーズ・エッセンシャル トラップディテクタ 基本的なツール 高度な Web サイト 交換 NFTツール こんにちは、 サインアウト Web3 ユニバース ゲーム ダップ ミツバチの巣 成長するプラットフォーム 広告 検索 英語 コインをリチャージする ログイン ダウンロード Web3 ユニ ゲーム ダップ ミツバチの巣 広告 ホーム-分析-本文 Gemini’s first earnings report since its IPO: Revenue increased but profit declined, and stock price hit a record low.分析4ヶ月前更新ワイアット 15,463 19 After the market closed on November 10th, US time, Gemini, which had recently gone public, released its first earnings report since its IPO. The report showed that Gemini’s net revenue for the third quarter was $49.775 million, a year-on-year increase of 104.4% and a quarter-on-quarter increase of 51.8%, exceeding market expectations of $46.84 million. However, despite the significant revenue growth, net profit remained negative, with losses increasing by 76.9% year-on-year to $159.5 million, and earnings per share of -$6.67, significantly exceeding market expectations of -$0.767.

Gemini’s stock price fell below $15 in after-hours trading, hitting a new low since its IPO, as investors worried about the company’s widening losses. It has now fallen by two-thirds from its highest price.

In terms of revenue, Gemini saw significant increases in both transaction and service revenue. In Q3, Gemini’s transaction revenue reached $26.337 million, representing a year-over-year increase of over 80%. Total transaction volume on the Gemini platform reached $16.4 billion this quarter, a year-over-year increase of 144.8% and a quarter-over-quarter increase of 45.1%. Regarding service revenue, strong performance in credit cards, institutional staking, and custody businesses resulted in year-over-year revenue increases of 226%, 89.7%, and 75.6%, respectively.

According to data provided in the shareholder letter, Gemini credit card account openings have surpassed 100,000, with spending exceeding $350 million, more than doubling quarter-over-quarter; meanwhile, the platform’s pledged assets valued at $741 million. Service revenue accounted for 39% of total revenue this quarter, compared to less than 30% a year ago.

While revenue increased, Gemini’s operating costs also rose at a higher rate. In the third quarter, Gemini’s operating expenses reached $171 million, an increase of 123.1% year-over-year, with sales and marketing expenses increasing nearly sevenfold year-over-year.

With operating expenses increasing at a faster rate than revenue growth, coupled with continued widening losses, Gemini’s first report card since its IPO was dismal. To date, Gemini has yet to demonstrate its ability to generate its own revenue. Although some of the losses stemmed from IPO expenses, even considering EBITDA (earnings before interest, taxes, depreciation, and amortization), Gemini still suffered a loss of $52.4 million in the third quarter, a 3.4% increase year-over-year.

Increased revenue without increased profit is usually attributed to a problem with a company’s operational capabilities. In fact, Gemini’s IPO filing revealed a significant risk: as of June 30th of this year, Gemini’s total borrowings were close to $1.4 billion, of which $1.28 billion was provided by an investment company owned by the two brothers who founded Gemini. Of this $1.28 billion, over $400 million could be converted into shares at a 20% discount to the IPO price. Gemini even explicitly stated that the IPO was solely for debt repayment.

Under these circumstances, Gemini’s stock price decline after its IPO was entirely expected. If one had to find something to look forward to, it would be that its total liabilities have decreased by 9.2% to $1.685 billion since the end of last year. Its available cash has also increased by 118.6% year-on-year to $1.108 billion. If Gemini can achieve “decreased spending and increased revenue” after short-term investments, it could signify an improvement in the company’s operating condition.

この記事はインターネットから得たものです。 Gemini’s first earnings report since its IPO: Revenue increased but profit declined, and stock price hit a record low.Recommended Articles

Related: Hardcore teardown: The X402 wanted to fix the “payment gap” in the internet, but fell into the same old pitfall again.Re Compiled by Odaily Planet Daily ( @OdailyChina ); Translated by Ethan ( @ethanzhang_ウェブ3) In 1994, Marc Andreessen made a crucial mistake he later admitted to: Netscape failed to integrate payment functionality into its browser. Due to regulatory uncertainty and financial institutions’ risk aversion, Netscape’s partnerships with Visa and Microsoft’s with MasterCard both fell through. This led to ad surveillance-centric business models becoming the default choice for the internet for the next thirty years—a trillion-dollar industry built on comprehensive behavioral tracking rather than direct value exchange. AI agents are now disrupting this balance. Autonomous systems neither watch ads, nor can they be analyzed through psychological profiling, and they lack the attention resources available for monetization. Content publishers face an either-or choice: either allow parasitic scraping that undermines content creation, or build…

#分析# マーケット© 版权声明配列 上一篇 Ping launches c402.market, a launch pad for the x402 ecosystem, and Pump.fun? 下一篇 Beyond Polymarket, how can DeAgent AI become the value center for predicting the market? 相关文章 Pantera 2025 Outlook: How will the on-chainization of the US dollar reshape the global financial landscape? 6086cf14eb90bc67ca4fc62b 39,182 2 Bitcoin Data Analysis: Correction or New Bear Market? 6086cf14eb90bc67ca4fc62b 15,839 1 BASEとOPに挑戦する13.9億の株式公開で、MegaETHは新しいレイヤー2の展望を切り開くことができるだろうか? 6086cf14eb90bc67ca4fc62b 17,325 ソラーナETFは7月に承認される見込み?ソルは勝利に乗じて再び飛躍できるか 6086cf14eb90bc67ca4fc62b 24,674 2 Odaily Exclusive Interview with ETH Treasury Company Bit Digital: How to Become the Only Leveraged Ethereum Player? 6086cf14eb90bc67ca4fc62b 16,638 Bitwise: 従来の投資家がステーブルコインに注目する必要があるのはなぜですか? 6086cf14eb90bc67ca4fc62b 40,773 コメントはありません コメントを残すにはログインが必要です! すぐにログイン コメントはありません... Bee.com 世界最大の Web3 ポータル パートナー コインカープ バイナンス コインマーケットキャップ CoinGecko コインライブ Bee Network APP をダウンロードして、Web3 の旅を始めましょう 白書 役割 よくある質問 © 2021-2026.無断複写・転載を禁じます。. プライバシーポリシー | 利用規約 Bee Networkアプリをダウンロード そしてWeb3の旅を始めましょう 世界最大のWeb3ポータル パートナー CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors 白書 役割 よくある質問 © 2021-2026.無断複写・転載を禁じます。. プライバシーポリシー | 利用規約 検索 検索インサイトオンチェーン社交ニュース 热门推荐: エアドロップハンター データ分析 クリプトセレブリティ トラップディテクタ 日本語 English 繁體中文 简体中文 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский 日本語

智能索引记录