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Investing.com -- Circle Internet Group, Inc. (NYSE: CRCL) reported third-quarter fiscal 2025 results that significantly exceeded analyst expectations, with adjusted earnings of $0.64 per share, far surpassing the consensus estimate of $0.18. Revenue reached $740 million, beating analyst projections of $699.57 million and representing a 66% increase YoY.
The company’s performance was primarily driven by the substantial growth in USDC stablecoin circulation, which reached $73.7 billion at quarter end, up 108% YoY. Despite the strong results, Circle’s stock dipped 1.8% following the announcement.
Net income for the quarter surged 202% YoY to $214 million, while Adjusted EBITDA grew 78% to $166 million. The company’s stablecoin market share increased to 29%, representing a gain of 643 basis points from the same period last year.
"Circle continued to see accelerating adoption of USDC and our platform in the third quarter as we build the new Economic OS for the internet," said Jeremy Allaire, Co-Founder, Chief Executive Officer, and Chairman at Circle.
The company raised its full-year 2025 guidance, now expecting Other Revenue of $90-$100 million, up from the previous range of $75-$85 million. Circle also increased its Adjusted Operating Expenses outlook to $495-$510 million, citing growing investments in platform development and global partnerships.