Gemini

Tyler

Shares in crypto exchange Gemini surged after hours as stronger-than-expected fourth-quarter results showed revenue growth driven by credit card adoption and a reworked fee structure.Gemini <a href="https://investors.gemini.com/static-files/6b021364-4292-4887-8063-9ee57f53895e" rel="noopener noreferrer nofollow">reported</a> on Thursday that its Q4 revenues rose 39% from the year-ago quarter to $60.3 million, <a href="https://seekingalpha.com/news/4566732-gemini-space-station-stock-jumps-after-q4-revenue-beats-workforce-shrinks" rel="noopener noreferrer nofollow">reportedly</a> beating analyst expectations of $51.7 million.It reported a net loss of $140.8 million for Q4, deepening from its $27 million loss from a year ago. Gemini posted a total 2025 loss of $585 million, ahead of its total 2024 losses of $156.6 million.Gemini co-founders Cameron and Tyler Winklevoss said in a shareholder letter that Q4 was the company’s <a href="https://cointelegraph.com/news/gemini-bets-on-super-app-as-stock-sinks-to-record-low-on-q3-results" rel="noopener noreferrer nofollow">highest quarterly revenue in three years</a>, even as trading volumes declined, with the revenue gain reflected in “deliberate fee structure work through the back half of the year.”Shares in Gemini (GEMI) initially jumped 14% after hours on Thursday to a high of $6.83, but settled at $6.36 for a gain of 5.8% after ending the trading day flat at around $6.<figure><img src="https://s3.cointelegraph.com/uploads/2026-03/019d0966-767f-72f5-b356-ef18624ff44d.png" alt="Gemini shares surge 6% after hours on Q4 earnings"><figcaption>Shares of crypto exchange Gemini rose after hours. Source: <a href="https://www.google.com/finance/quote/GEMI:NASDAQ" rel="noopener noreferrer nofollow">Google Finance&nbsp;</a></figcaption></figure>The results are Gemini’s second after <a href="https://cointelegraph.com/news/gemini-ipo-nasdaq-crypto-stocks-surge-2025" rel="noopener noreferrer nofollow">going public in September</a> and came amid a broad <a href="https://cointelegraph.com/learn/articles/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money" rel="noopener noreferrer nofollow">crypto market decline</a> in late 2025, which saw Bitcoin (<a rel="noopener noreferrer nofollow">BTC</a>) rapidly decline from its all-time peak above $126,000 in October.&nbsp;<h2 id="gemini-lays-off-30-of-staff-so-far-this-year">Gemini lays off 30% of staff so far this year</h2>In February, Gemini said it was <a href="https://cointelegraph.com/news/gemini-exit-uk-eu-australia-slashes-workforce" rel="noopener noreferrer nofollow">withdrawing from the UK, the EU and Australia</a>, citing challenging market conditions. The company also planned to lay off 25% of its workforce, in part due to artificial intelligence.In their letter, Cameron and Tyler Winklevoss said Gemini had reduced its workforce by “roughly 30% since the start of 2026,” citing an increased use of AI.“Today, AI is used in more than 40% of our production code changes and we expect that number to climb to close to 100% in the not-too-distant future,” they said. “Not using AI at Gemini will soon be the equivalent of showing up to work with a typewriter instead of a laptop.”The Winklevoss brothers said the company's plan this year was to “focus and double down on America,” adding they were encouraged by the pro-crypto stance of US market regulators.&nbsp;<h2 id="prediction-markets-and-credit-card-key-2026-priorities">Prediction markets and credit card key 2026 priorities&nbsp;</h2>Gemini launched its in-house prediction market, Gemini Predictions, across all 50 US states in December, shortly after it <a href="https://cointelegraph.com/news/gemini-nabs-us-license-offer-prediction-markets" rel="noopener noreferrer nofollow">obtained a license</a> from the Commodity Futures Trading Commission.Related: <a href="https://cointelegraph.com/news/gemini-bets-on-super-app-as-stock-sinks-to-record-low-on-q3-results" rel="noopener noreferrer nofollow">Gemini bets on ‘super app’ as stock sinks to record low on Q3 results</a>The company said it would refine and expand its prediction market offering and also scale its credit card and exchange.The Winklevoss brothers said Gemini would “shift into becoming a markets company with Gemini Predictions” and use that infrastructure for its perpetual futures contracts once they’re approved in the US.Magazine: <a href="https://cointelegraph-magazine.com/are-defi-devs-liable-illegal-activities-platforms/" rel="noopener noreferrer nofollow">Are DeFi devs liable for the illegal activity of others on their platforms?</a>

Gemini shares surge 6% after hours on Q4 earnings

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