Bitcoin Depot (BTM) announced certain preliminary financial results for the third quarter. The company expects revenue for the third quarter to be approximately $160 million, an 18% increase compared to the $135.3 million reported in the third quarter of 2024. The company also expects to report an approximate 50% increase in adjusted EBITDA compared to the $9.2 million reported last year.
"We are proud to report preliminary third quarter results that exceed our guidance for both revenue and adjusted EBITDA," said Brandon Mintz, Founder and CEO of Bitcoin Depot.
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