Bullish Q2 adjusted earnings in line as rise in subscription revenue offsets digital asset slowdown
60-second summary
Digital asset sales plummet to $32.6 billion, a 44% year-over-year decline from $58.6 billion, amidst a slowdown in the market. However, other revenues surge to nearly $65 billion, roughly doubling year-over-year, offsetting the digital asset decline and contributing to a bullish Q2 adjusted earnings report, a welcome respite for investors in the industry.
Digital asset sales slumped to $32.6 billion from $58.6 billiion a year earlier, but other revenues roughly doubled year-over-year to just shy of $65 billion.