Key Highlights

• The company fell short of Wall Street projections with earnings per share of $0.38 versus the expected $0.39, while revenue of $1.07B missed the $1.14B consensus
• Cryptocurrency transaction revenue plummeted 47% compared to the previous year, declining to $134 million as crypto trading volumes dropped 48% to $24 billion
• Revenue per average user declined from $191 in the previous quarter to $157
• Operating expense projections for 2026 were increased to a range of $2.7B–$2.825B, representing an 18% annual increase
• The Predictions platform achieved unprecedented success with 8.8 billion event contracts traded during Q1, marking a 780% surge since its initial quarter

The financial markets reacted negatively to…