Image: Lipper Alpha Insight

Reports Q3 revenue $361M, consensus $355.27M. Monthly active users decreased 1.8M sequentially to 12.2M for September, "as customers continued to navigate the volatile market environment."

The company said,

"In the third quarter we achieved our goal of reaching adjusted EBITDA profitability, a quarter earlier than planned. We delivered on top feature requests for customers including advanced charts, options in cash accounts, instant withdrawals, and our self-custody, web3 wallet. In the next week, we are raising the yield on uninvested cash for Gold members - making it one of the best rates in the industry. We remained focused on serving our customers and driving long-term shareholder value in Q3. We drove positive Adjusted EBITDA by increasing revenues and reducing expenses. We also continued to deliver on our 2022 product roadmap, which helped maintain steady net funded accounts and drive strong net deposits."

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