#circle第三季度营收8.65亿美元
【Follow Old Chive, and wealth is yours】
Old Chive Watch: Circle’s third-quarter revenue reached $865 million. How much room for profit remains behind USDC’s growth?
📌 Three details from this earnings report are worth noting:
1️⃣ USDC on-chain transaction volume grew 49%, as real-world use cases continued to expand
Average USDC in circulation reached $73.3 billion in the third quarter, up 8% year over year; quarterly on-chain transaction volume reached $13.9 trillion, up 49% year over year.
2️⃣ Of the $865 million in revenue, the $ARC token presale contributed $182 million
This is the detail most easily overlooked in this earnings report. Circle’s reserve income was $658 million in the third quarter, down 8% year over year; other revenue reached $207 million, of which approximately $182 million came from the ARC token presale.
3️⃣ Adjusted EBITDA surged, but the one-time contribution should be separated out
Circle’s adjusted EBITDA reached $317 million in the third quarter, up 85% year over year.
However, this growth was partly driven by ARC presale revenue and lower distribution costs. The company disclosed that adjusted EBITDA was approximately $135 million excluding ARC presale revenue.
【Follow Old Chive, and wealth is yours】
Old Chive Watch: Circle’s third-quarter revenue reached $865 million. How much room for profit remains behind USDC’s growth?
📌 Three details from this earnings report are worth noting:
1️⃣ USDC on-chain transaction volume grew 49%, as real-world use cases continued to expand
Average USDC in circulation reached $73.3 billion in the third quarter, up 8% year over year; quarterly on-chain transaction volume reached $13.9 trillion, up 49% year over year.
2️⃣ Of the $865 million in revenue, the $ARC token presale contributed $182 million
This is the detail most easily overlooked in this earnings report. Circle’s reserve income was $658 million in the third quarter, down 8% year over year; other revenue reached $207 million, of which approximately $182 million came from the ARC token presale.
3️⃣ Adjusted EBITDA surged, but the one-time contribution should be separated out
Circle’s adjusted EBITDA reached $317 million in the third quarter, up 85% year over year.
However, this growth was partly driven by ARC presale revenue and lower distribution costs. The company disclosed that adjusted EBITDA was approximately $135 million excluding ARC presale revenue.