Chime raises outlook as quarterly revenue climbs 32%
Revenue rose 32% and Chime reported a GAAP profit. Platform-related revenue grew 52%, compared with 22% growth in payments.
Business, technology and what comes next.
NextNow / Archive
Revenue rose 32% and Chime reported a GAAP profit. Platform-related revenue grew 52%, compared with 22% growth in payments.
The USDC issuer's results separate token-sale revenue from reserve income and payment activity. Circle also disclosed costs tied to an approximately 5% staff cut.
The Nov. 3 update offers a chance to compare payment growth with the economics of supporting customer workflows.
Payment volume and adjusted earnings grew, but GAAP earnings declined in the third quarter.
The communications and payments software company moves into private ownership after the transaction announced in August.
Preview: PayPal’s confirmed Oct. 27 earnings event provides a checkpoint on payment growth, transaction margins and customer engagement.
Rapid News Brief: American Express reports higher revenue and profit, with distinct adjusted results and increased costs for member benefits.
Rapid News Brief: CRB Group’s proposed acquisition links Accrue’s wallet and loyalty technology with an existing banking-services relationship.
Natural raised $30 million to build wallets, payments and controls for autonomous software, exposing the financial infrastructure that agentic commerce still lacks.