Caroline Hyde

Yeah, so specifically in new revenue streams, we saw other revenue, which includes subscriptions and services revenue, includes transaction revenue.

These were completely new lines of business a year ago in Q4 of 24.

They grew 15x to $37 million of revenue in the quarter.

And we've also given some guidance around 2026.

We see them growing another 50%.

And so this includes...

product and partnership work that we do to take the stablecoin network technology we have and make it available through partnerships across more and more blockchain networks.

This includes transaction fees that are charged for different services that we offer.

And so there's a mixture of new revenue streams in there.

We have not really yet turned on revenue from major platforms like CPN and Arc yet, but we're encouraged by that growth and that helped our margin as well in the quarter.

All right, Jeremy Allaire of Circle, thank you very much.

Again, the stock really pushing higher, 25% on track for its best day since June when it IPO'd last year.

Coming up, we're going to have details of Paramount's improved offer for Warner Brothers as both companies actually prepare to release their earnings.

A lot more to discuss.

It is halftime and this is Bloomberg Tech.

Welcome back to Bloomberg Tech.

Let's take a look at shares of Warner Brothers Discovery, Paramount, Skydance, and Netflix.

Warner Brothers Discovery soft of half percentage point, the other two higher.

Netflix up 5%.

Hmm, why?