Odaily Planet Daily report: Gemini's stock price rose in after-hours trading following stronger-than-expected fourth-quarter results, which showed revenue growth driven by increased credit card adoption and a revised fee structure.
Gemini's earnings report released on Thursday showed that its fourth-quarter revenue increased 39% year-over-year to $60.3 million, surpassing analysts' expectations of $51.7 million.
The company reported a net loss of $140.8 million for the fourth quarter, significantly widening compared to a loss of $27 million in the same period last year. Gemini expects a full-year loss of $585 million for 2025, higher than the anticipated full-year loss of $156.6 million for 2024.
In a letter to shareholders, Gemini co-founders Cameron and Tyler Winklevoss stated that, despite lower trading volume, the fourth quarter was the company's highest revenue quarter in three years, with revenue growth reflecting a "carefully crafted fee structure in the second half of the year."
Gemini’s (GEMI) stock rose as much as 14% to a high of $6.83 in after-hours trading on Thursday, but closed at $6.36, up 5.8%, while the stock ended the day essentially flat around $6. (CoinDesk)