---
title: "Stablecoin issuer Circle Internet's Q3 revenue beats expectations, but raises full-year spending guidance"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/265556266.md"
description: "Circle Internet announced a third-quarter earnings per share of $0.64 and revenue of $740 million, both exceeding market expectations. However, the company raised its full-year spending guidance, expecting operating expenses to be between $495 million and $510 million, up from the previous range of $475 million to $490 million. The circulation of USDC reached $73.7 billion, more than doubling compared to the same period last year"
datetime: "2025-11-12T14:49:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265556266.md)
  - [en](https://longbridge.com/en/news/265556266.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265556266.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/265556266.md) | [繁體中文](https://longbridge.com/zh-HK/news/265556266.md)


# Stablecoin issuer Circle Internet's Q3 revenue beats expectations, but raises full-year spending guidance

The issuer of the US stablecoin USDC, Circle Internet (CRCL.US), announced on Wednesday that its earnings per share for the third quarter were $0.64, exceeding market expectations of $0.20; revenue was $740 million, a year-on-year increase of 66%, also above expectations. However, the company adjusted its full-year outlook to reflect increased expenses, and the stock price fell about 7% in early trading.

As of the end of September, the circulation of USDC reached $73.7 billion, more than double that of the same period last year. The company indicated that it has raised its forecast for non-reserve revenue (such as subscriptions and services) for 2025 to a median of $95 million, up from a previous estimate of $80 million.

However, the increase in its cost forecast is even larger. Circle expects its operating expenses this year to be between $495 million and $510 million, higher than the previous guidance of $475 million to $490 million, primarily due to the company's plan to launch the Arc blockchain network. Additionally, Circle stated that it is considering issuing its own token on that network

### 相关股票

- [Circle (CRCL.US)](https://longbridge.com/zh-CN/quote/CRCL.US.md)

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