Circle beats Q3 revenue estimates at $865M but cuts 5% of workforce
The USDC issuer reported strong reserve income while trimming staff, a mixed signal for the stablecoin sector.
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- The BlockCircle reports $865 million in Q3 revenue and reserve income, discloses 5% workforce reduction
- Yahoo FinanceStablecoin Issuer Circle Cuts 5% Of Workforce
- Bloomberg.comCircle Lays Off 5% of Workforce as Revenue, Profit Surprises
- Crypto BriefingCircle cuts 5% of workforce as USDC circulation climbs
- TipRanksCRCL Stock Drops as Circle Cuts 5% of Staff as Falling Interest Rates Squeeze Stablecoin Reserve Income
- BenzingaThese Analysts Slash Their Forecasts On Circle Internet Group After Q3 Results
- FinanceFeedsCircle Q3 Revenue Rises 17% to $865 Million on a One-Off Token Presale, With a 5% Staff Cut
- NewsCordCircle Reports $865M Q3 Revenue, $226M Net Income After $182M ARC Token Pre-Sale: how 7 outlets framed it
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