Payward’s adjusted EBITDA fell 66% year over year in the third quarter, while trading activity and customer numbers continued to improve quarter over quarter.
According to Bitcoin.com News, the parent company of Kraken is expanding beyond cryptocurrency trading into areas including U.S. prediction markets, tokenized stocks, and a personal finance AI agent. The contrast between shrinking earnings metrics and a rebound in user activity is the key thing to watch in this news.
· The earnings metric is “adjusted EBITDA,” which is not the same as trading volume or customer growth, and cannot be used as a substitute for either.
· So far, the progress of these new businesses has only been outlined in broad terms, with no figures on their scale.
Would you look first at fourth-quarter adjusted EBITDA, or at the pace of these new businesses’ rollout?
According to Bitcoin.com News, the parent company of Kraken is expanding beyond cryptocurrency trading into areas including U.S. prediction markets, tokenized stocks, and a personal finance AI agent. The contrast between shrinking earnings metrics and a rebound in user activity is the key thing to watch in this news.
· The earnings metric is “adjusted EBITDA,” which is not the same as trading volume or customer growth, and cannot be used as a substitute for either.
· So far, the progress of these new businesses has only been outlined in broad terms, with no figures on their scale.
Would you look first at fourth-quarter adjusted EBITDA, or at the pace of these new businesses’ rollout?
