Circle Q3 earnings beat, with 5% layoffs
Circle reported $865M in revenue and reserve income, well above estimates, with USDC minting of $104B, but disclosed a 5% workforce reduction.
What we know
An account on X shows revenue of $865M vs. $778M est. and adj. EBITDA of $317M. Another account on X cites USDC minted of $104B and 27% stablecoin share. @TheBlockCo adds $182M of ARC token presale revenue, and another account on X flags the 5% layoff.
Sources
@TheBlockCo
“Circle reported $865 million in third-quarter revenue”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.