Gemini's first financial loss after IPO exceeded expectations, with a net loss of $159.50 million
2025-11-11 11:07:10
Gemini's shares tumbled 8.67% in its first post-IPO loss, beating expectations. Despite a year-on-year doubling of quarterly revenue to $50.60 million, high marketing and IPO costs resulted in a net loss of $159.50 million, or $6.67 per share, well ahead of analysts' expectations of $3.24. The company is planning to launch a regulated prediction market and develop a "super app" to expand its business scope.
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