This week in earnings: Coinbase jumps on strong beat, Coca-Cola hikes dividend

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Investing.com — Here is your Pro Recap of the earnings reports you may have missed this week: Coinbase, Airbnb, Coca-Cola, Cisco Systems, and Biogen.

InvestingPro users got all the news first and reacted in real time! Join now for under $9 a month for limited time only and never miss out on another buying opportunity.

Coinbase Global (NASDAQ:COIN) saw its shares surge over 12% pre-market today following the announcement of Q4 earnings that exceeded Wall Street's expectations, as the approval of spot-bitcoin exchange-traded funds boosted activity on the crypto exchange platform.

Coinbase reported Q4 EPS of $1.04, significantly outperforming the analyst forecast of $1.00. The company's revenue for the quarter reached $953.8 million, surpassing the expected $826.69M. Total transaction revenue jumped 64% year-on-year to $529.3M in Q4, while subscription and services revenue climbed 33% to $375.4M.

Following the results, JPMorgan raised its rating on Coinbase Global from Underweight to Neutral, setting a new price target of $80.00.

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Airbnb (NASDAQ:ABNB) exceeded expectations in its Q4 revenues, fueled by sustained strong demand for travel, which boosted bookings. The company