Circle’s USDC Surge Fuels Record Q4 Earnings, Stock Soars 13%
Circle Internet Group (CRCL) delivered a Stellar fourth-quarter performance, with revenue soaring 77% year-over-year to $770 million, surpassing analyst expectations of $747.4 million. Earnings per share reached $0.43, more than double Wall Street's forecast of $0.16, fueling a 13% premarket stock surge to $69.36.
The stablecoin issuer's USDC circulation skyrocketed 72% to $75.3 billion, driving reserve income to $733 million. Adjusted EBITDA witnessed a meteoric 412% rise to $167 million, reflecting a robust 54% margin. Circle's business model—earning yield on cash backing USDC—continues to gain traction as Treasury investments pay dividends.