Coinbase Global, Inc.
Q3 2022 Earnings Call
Nov 03, 2022, 5:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase third quarter 2022 earnings call. [Operator instructions] Thank you.
Anil Gupta, vice president, investor relations, you may begin your conference.
Anil Gupta -- Vice President, Investor Relations
Good afternoon, and welcome to the Coinbase third quarter 2022 earnings call. Joining me on today's call are Brian Armstrong, co-founder and CEO; Emilie Choi, president and COO; and Alesia Haas, CFO. I hope you've all had the opportunity to read our shareholder letter, which was published on our investor relations website earlier today. Before we get started, I'd like to remind you that during today's call, we may make forward-looking statements.
Actual results may vary materially from today's statements. Information concerning risks, uncertainties and other factors that could cause these results to differ is included in our SEC filings. Our discussion today will also include references to certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in our shareholder letter on our IR website.
Non-GAAP financial measures should be considered in addition to, not as a substitute for GAAP measures. We are once again using Safe technologies to enable our shareholders to post questions. And in addition, we'll take some questions from our research analysts. With that, I'll turn it over to Brian and Alesia for opening comments.
Brian Armstrong -- Co-Founder and Chief Executive Officer
Thanks, Anil. All right. So as I look back at the quarter, obviously, there were some macro headwinds just the macro environment being down, and that ties directly into our trading revenue. But I was really excited to see the growth in our subscription and services revenue.
This is something where, three-plus years ago, we started planting the seeds of building some of these different product lines with different revenue streams. And we've really started to see that come to fruition, which means the portfolio of products that Coinbase has and works on has started to provide less volatility for the parent company revenue overall. We still have a long ways to go on that, but it's a great trend and it's moving in the right direction. So I just wanted to touch on a few topics.