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Bullish Surges on Subscriptions Despite Loss | Bitcoin and Crypto News
Description
Bullish, the crypto platform behind CoinDesk, just reported a strong Q2 with $92.6M in adjusted revenue — up 62% year-over-year — driven by record-breaking $62.7M from subscriptions and services. Despite that growth, they posted a wider net loss of $280M, reflecting broader crypto market headwinds. Still, their EBITDA more than tripled to $29.5M, signaling rising operational efficiency. The company forecasts full-year subscription revenue between $225M–$245M and is still on track to close its Equiniti acquisition in early 2027. While their stock has swung wildly since going public a year ago, Bullish’s pivot to subscription services is clearly gaining traction — even as crypto trading slows.
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