Sales down 50.9% year-over-year… BitGo turns to net profit in Q3
Original headline전년 동기 대비 매출 50.9% 감소…비트고 3분기 순이익 흑자 전환
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BitGo ($BTGO) swung to a $44.1 million net profit in Q3 2026 from a $19 million loss the prior quarter, even as revenue fell 50.9% year-over-year and 34.1% quarter-over-quarter to $2.85 billion. The company attributed the decline to weaker digital-asset trading conditions that curtailed its digital-asset sales activity, which drives most of its revenue, while adjusted EBITDA remained negative at $3.4 million. The profit rebound contrasts with a 94.4% drop from the $22.7 million earned in the year-ago quarter, underscoring how cost controls and non-operating items are masking top-line weakness. Watch whether trading volumes recover enough to stabilize sales revenue and whether the EBITDA loss narrows in the coming quarters.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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