Coinbase Global, Inc.
Q1 2022 Earnings Call
May 10, 2022, 5:30 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good afternoon. My name is Gino, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase first quarter 2022 earnings call. All lines have been placed on mute to prevent any background noise.
After the speaker's presentation, there will be a question-and-answer session. [Operator instructions] I would now like to hand the conference over to your speaker today, Anil Gupta, vice president of investor relations. You may begin.
Anil Gupta -- Vice President, Investor Relations
Good afternoon, and welcome to the Coinbase first 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 is published on our IR site 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 the shareholder letter on our Investor Relations website.
Non-GAAP financial measures should be considered in addition to, but not as a substitute for, GAAP measures. We are once again using the Say Technologies platform to enable our shareholders to post questions. In addition, we'll take some live questions from our research analysts. With that, I'll turn it over to Brian and Alesia for some opening comments.
Brian Armstrong -- Co-Founder and Chief Executive Officer
All right. Thanks, Anil. So before we dive into our results this quarter, I think it's worth just addressing the elephant in the room, which is that, of course, the broader markets are down. We're seeing a down market for growth tech stocks and risk assets.
And of course, Coinbase and crypto is no exception to that. So the good news is that as a crypto company, we've lived through many different cycles in crypto, including major drawdowns, which I think make us well suited to operate through these environments. And I have to tell you, kind of going back over the last 10 years in crypto, the up periods, we tend to focus mostly on scaling. There's so many customers beating a path to our door that we have to have all hands on deck just to keep everything running.