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0.00177402992645209 0.00178163834643676 0.00532589398934823 0.000508496068983129 0.00735480598529037 0.00412122749175758 0.0120352523459295 0.017689576464621
Stock impact report

Circle Internet Group shares soar on strong Q4 crypto earnings [Yahoo! Finance]

Circle Internet Group, Inc. Class A (CRCL) 
Company Research Source: Yahoo! Finance
Circle Internet Group (NYSE:CRCL), the issuer of the world's second-largest stablecoin, saw its shares surge 23% on Wednesday after reporting a strong fourth-quarter profit, driven by growing demand for its USDC stablecoin. The company posted revenue of $770 million, beating analyst estimates of $744 million and marking a 77% increase from a year earlier. Adjusted earnings per share came in at $0.43, well above expectations of $0.16, while adjusted EBITDA reached $167 million, reflecting a margin of 54%. USDC, Circle's flagship stablecoin, grew to $75.3 billion in circulation at the end of the quarter, up 72% year-over-year. On-chain transaction volume for the stablecoin surged 247% to $11.9 trillion. Other key metrics highlighted a 136% year-over-year rise in revenue less distribution costs (RLDC) to $309 million, with RLDC margin improving to 40% from the prior year. The number of meaningful wallets increased 59% to 6.8 million, and Circle's share of the stablecoin market ros Show less Read more
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