COIN - Coinbase Global Inc. (COIN) Q1 2024 Earnings Call Transcript
2024-05-02 20:15:25 ET
Coinbase Global, Inc. (COIN)
Q1 2024 Earnings Conference Call
May 02, 2024, 05:30 PM ET
Company Participants
Anil Gupta - VP of IR
Brian Armstrong - Co-Founder and CEO
Alesia Haas - CFO
Paul Grewal - Chief Legal Officer
Emilie Choi - President and COO
Conference Call Participants
Devin Ryan - Citizens JMP
Ken Worthington - JPMorgan
Benjamin Budish - Barclays
Owen Lau - Oppenheimer
Kyle Voight - KBW
Joseph Vafi - Canaccord Genuity
Bo Pei - US Tiger Securities
Mike Colonnese - HCW
John Todaro - Needham & Company
Peter Christiansen - Citi
Presentation
Operator
Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase First Quarter 2024 Earnings Call. [Operator Instructions]
Anil Gupta, Vice President, Investor Relations, you may begin your conference.
Anil Gupta
Good afternoon, and welcome to the Coinbase first quarter 2024 earnings call. Joining me on today's call are Brian Armstrong, Co-Founder and CEO; Emily Choi, President and COO; Alesia Haas, CFO; and Paul Grewal, Chief Legal Officer. I hope you've all had the opportunity to read our shareholder letter, which was published on our Investor Relations website earlier today.
Before we get started, I'd like to remind you that during today's call, we may make forward-looking statements. Actual results may vary materially from today's statements. Information concerning risks, uncertainties, and other factors that could cause these results to differ is included in our SEC filings.
Our discussion today will also include references to certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in the shareholder letter on our Investor Relations website. Non-GAAP financial measures should be considered in addition to, not as a substitute for GAAP measures. We are once again using the Say Technologies platform to enable our shareholders to ask questions, and in addition, we will take some live questions from our research analysts.
With that, I'll turn it over to Brian for opening comments.
Brian Armstrong
Thanks, Anil.
Q1 was a very strong quarter. We generated more adjusted EBITDA than we did all of last year. Keeping our cost structure low while continuing to innovate is really paying off. To kick off today's call, I wanted to provide a progress update on the 2024 priorities that I shared on our Q4 call. As a refresher, they are first, driving revenue. We're doing this through improvements to our core simple trading experience, growth in stablecoins, winning in the derivative space, both in the U.S. and abroad and driving international growth by investing in key markets....
Coinbase Global, Inc. (COIN) Q1 2024 Earnings Call Transcript