Latest news with #CircleInternetGroupInc
Time of India
4 days ago
- Business
- Time of India
Circle stock soars 14% as Q2 revenue smashes Wall Street expectations after going public for the first time
Circle Internet Group Inc. (NYSE: CRCL) delivered a blockbuster debut earnings report on Tuesday, sending its shares surging as much as 14% in early trading after revenue and stablecoin growth easily topped Wall Street forecasts. The results mark the first time the stablecoin giant has reported as a public company following its June IPO — one of the most closely watched tech listings of the year — and investors appear convinced that Circle is setting the pace for the digital payments sector. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program What drove Circle's stunning post-IPO earnings beat? Circle reported second-quarter revenue of $658 million , a 53% jump from a year earlier and well above the $646 million analysts were expecting, according to LSEG data. Adjusted EBITDA climbed 52% to $126 million , also surpassing consensus estimates. ALSO READ: XRP price prediction: slipping nearly 8% in four days — is this sharp dip the calm before a $12.60 storm after the SEC win? The company credited the surge to explosive growth in the circulation of USD Coin (USDC), its flagship dollar-backed stablecoin, which rose 90% year-over-year to $61.3 billion at the end of Q2 and has since swelled to $65.2 billion as of August 10. Live Events How is USDC reshaping Circle's market position? USDC's rapid adoption has become the centerpiece of Circle's growth strategy. The stablecoin is now widely used across crypto exchanges, fintech platforms, and global payment providers — a trend fueled in part by new regulatory clarity in the U.S. Passage of the Genius Act , which sets guardrails for stablecoin issuance, has given Circle and its competitors firmer legal footing. 'We believe the Genius Act represents a watershed moment for digital dollar adoption,' CEO Jeremy Allaire said in a statement. 'It allows us to expand globally with confidence while ensuring the highest standards of trust and compliance.' Why did Circle still post a massive net loss? Despite its strong top-line performance, Circle reported a net loss of $482 million for the quarter. The red ink was driven largely by one-off items tied to its IPO: $424 million in stock-based compensation and a $167 million loss linked to convertible debt valuation adjustments. Excluding those charges, Circle said it remains on a 'clear path to sustained profitability' as operational margins improve and transaction volumes climb. How did investors react to the earnings surprise? Shares of Circle jumped sharply at the opening bell, trading between 6% and 14% higher during the session. The rally adds to what has already been a remarkable run — CRCL stock has climbed more than 450% since its IPO, placing it among the best-performing new listings of 2025. Market analysts say the earnings beat, coupled with Circle's accelerating role in the payments ecosystem, is fueling speculative momentum. 'Circle is positioning itself not just as a crypto player, but as an infrastructure backbone for the future of money,' said Dan Ives, senior equity analyst at Wedbush Securities. What's next for Circle in the stablecoin race? The company is pushing deeper into financial infrastructure with the planned launch of Arc , a proprietary Layer-1 blockchain aimed at supporting large-scale payments and settlements. Public testing is expected to begin this fall. Circle is also rolling out its Circle Payments Network and expanding partnerships with major players such as Binance, FIS, Corpay, and OKX — moves designed to cement its dominance as stablecoins enter the mainstream. For now, the market's verdict is clear: Circle's first act as a public company has exceeded expectations, setting a high bar for the quarters ahead. FAQs: Q1. Why did Circle stock jump after Q2 earnings? Circle stock climbed sharply because its first earnings as a public company easily beat Wall Street's revenue estimates, driven by strong USD Coin (USDC) growth and expanding market adoption, even though it reported IPO-related losses. Q2. How much has USDC circulation grown? USDC circulation has surged 90% year-over-year, reaching $65.2 billion, reflecting growing global demand for stablecoins and Circle's expanding role in the digital payments space.
Yahoo
05-06-2025
- Business
- Yahoo
Circle IPO surges 123% on debut
-- The IPO for stablecoin leader Circle Internet Group Inc (NYSE:CRCL) surged during its NYSE debut on Thursday. Shares opened at $69 per share after pricing 34,000,000 shares at $31 per share. Shares have continued higher to $85 per share, up 174%. Circle offered 14,800,000 shares in the IPO, while selling stockholders offered an additional 19,200,000 shares. The company and shareholders raised over $1.05 billion in the offering. Based on the latest price, the company is valued at over $17.5 billion. J.P. Morgan, Citigroup, and Goldman Sachs & Co (NYSE:GS). LLC acted as joint lead active bookrunners for the offering. Circle is a global fintech company that helps businesses use digital currencies and blockchains for payments and financial applications. It operates the world's largest stablecoin network, issuing USDC and EURC through regulated affiliates, and offers tools for integrating stablecoins into products and operations. In 2024, Circle reported revenue, net income, and Adjusted EBITDA of $1.7 billion, $155.7 million, and $284.9 million, respectively. For the first quarter of 2025, revenue, net income, and Adjusted EBITDA were $578.6 million, $64.8 million, and $122.4 million, respectively. Related articles Circle IPO surges 123% on debut Tesla stock tumbles amid Trump criticism Jefferies upgrades Southern Company as it sees long-term earnings boost Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-04-2025
- Business
- Bloomberg
Wall Street Urges IPO Hopefuls to Trim Valuations in Weak Market
As turbulent US equity markets cloud the picture for initial public offerings, some on Wall Street are urging companies to temper their valuations for a better chance of pulling off a successful deal. Stablecoin issuer Circle Internet Group Inc. filed publicly for a listing on Tuesday, joining a hopper of companies including Klarna Group Plc and MNTN Inc. hoping to go public in the coming weeks and months.
