MARA Q3 Revenue Up 92% YoY, Net Profit Reaches $123 Million

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Bitget2025/11/05 02:56

By:Bitget

Before the US market opened on November 4th (ET), MARA Holdings reported its Q3 results:

Revenue rose 92% year-over-year to $252 million.
Net profit swung from a loss of $124.8 million in Q3 2024 to a profit of $123 million.
Bitcoin holdings increased 98% year-over-year, reaching 26,747 BTC by the end of Q3 2024, with total holdings rising to 52,850 BTC.

The company successfully turned a profit compared to the year-ago period’s $124.8 million loss, but the earnings did not impress investors. MARA’s stock closed down 5.9% at $16.36. Despite the improvement in profitability, the market had expected even stronger results given MARA’s operating scale.

While revenue rose 92% year-over-year to $252 million, it still missed market estimates by $3.3 million. Earnings per share increased to $0.27, but fell 40% short of the expected $0.45.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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深潮•2025/11/09 20:09