📉💰📊 Bullish (BLSH) Crashes 8% After Missing Q1 Earnings
🔹 Revenue miss: $92.8M vs $94.9M expected — weaker crypto trading activity hammered transaction fees across the industry 📈💸📉
🔹 EBITDA disappointment: $35.1M vs $38M forecast — up from $13.2M last year but still below Wall Street hopes 📊⚠️💔
🔹 Net loss exploded to $604.9M ($3.85/share) — vs $348.6M loss same quarter last year, shares down to $38.51 pre-market 💀📉🔻
🔹 $4.2B Equiniti acquisition announced — expanding into tokenized securities infrastructure, transfer agent business pivot 🏢🔗💎
Coinbase and Robinhood also missed — entire industry feeling the pinch 🤝😤
#Bullish #Earnings #CryptoStocks
@money
🔹 Revenue miss: $92.8M vs $94.9M expected — weaker crypto trading activity hammered transaction fees across the industry 📈💸📉
🔹 EBITDA disappointment: $35.1M vs $38M forecast — up from $13.2M last year but still below Wall Street hopes 📊⚠️💔
🔹 Net loss exploded to $604.9M ($3.85/share) — vs $348.6M loss same quarter last year, shares down to $38.51 pre-market 💀📉🔻
🔹 $4.2B Equiniti acquisition announced — expanding into tokenized securities infrastructure, transfer agent business pivot 🏢🔗💎
Coinbase and Robinhood also missed — entire industry feeling the pinch 🤝😤
#Bullish #Earnings #CryptoStocks
@money
❤4👍1👏1