{
  "id": 172801,
  "title": "Circle Q2 revenue falls short of Wall Street estimates",
  "url": "https://urgent.news/2026/08/05/circle-q2-revenue-falls-short-of-wall-street-estimates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T11:48:38.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/circle-q2-revenue-misses-wall-street-estimates"
  },
  "original_language": "en",
  "account": "Circle, a stablecoin issuer, announced Q2 revenue of $701 million, slightly below Wall Street estimates of approximately $713 million. The company reported a 7% year-over-year increase in revenue and net income from continuing operations, reaching $48 million. Circle's reserve income also grew by 5%, primarily due to a 25% increase in average USDC circulation. The earnings report fell short of the average consensus estimate of $713.32 million. Circle's shares climbed 5.7% in pre-market trading, trading above $66.50, but the stock has decreased 20% year-to-date. The earnings report was released ahead of the public mainnet launch of Circle's Arc blockchain, set for September 16. The blockchain has over 100 ecosystem and institutional builders backing it. Circle also disclosed the founding validator cohort for Arc, which includes major financial institutions such as BlackRock, DTCC, Galaxy, Global Payments, ICE, Mastercard, MoneyGram, SBI Group, Standard Chartered, Sumitomo Corporation, and Visa. Management raised guidance for several key metrics, including other revenue for the current fiscal year, which now ranges from $310 million to $330 million. Despite the revenue miss, Circle's USDC stablecoin remains the dominant player, accounting for 72% of the $15.6 trillion in adjusted on-chain transfer volume.",
  "summary": "Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Techmeme",
        "title": "A profile of livestream shopping app Whatnot, which added 20M accounts in 2025, facilitated the sale of ~$8B in goods, and is set for $1B+ in revenue in 2026 (Wall Street Journal)",
        "url": "https://urgent.news/2026/08/05/a-profile-of-livestream-shopping-app-whatnot-which-added-20m-accounts",
        "published": "2026-08-05T05:30:01.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Circle shares jump as earnings beat offsets revenue miss, Arc blockchain gains Wall Street backing",
        "url": "https://urgent.news/2026/08/05/circle-shares-jump-as-earnings-beat-offsets-revenue-miss-arc",
        "published": "2026-08-05T11:13:17.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street Journal publisher News Corp beats revenue estimates on real estate, Dow Jones strength",
        "url": "https://urgent.news/2026/08/06/wall-street-journal-publisher-news-corp-beats-revenue-estimates-on",
        "published": "2026-08-06T00:10:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}