CoinShares Q2 2024: Extends strong performance from Q1 - Redeye
Redeye states that CoinShares’ (CS) report was solid and came in better than expected on most metrics, although end-of-quarter AUM was lower than expected. Total revenues were 20% ahead of Redeye estimates (RRe), while EBITDA was 16% ahead of estimates. Profitability remained solid, with an EBITDA margin of 67%. Redeye expects to make negligible revisions while raising the bear case. Based on Redeye's adjusted financials, CS trades at EV/EBIT of 2.6x on Q2 2024 annualized results.
Länk till analysen i sin helhet: https://www.redeye.se/research/1026785/coinshares-q2-2024-extends-strong-performance-from-q1?utm_source=finwire&utm_medium=RSS