Circle's Q3 revenue jumps 17% with a $182M assist from its ARC token presale

Circle dropped its Q3 numbers, and they landed hard. Revenue hit $865 million, a 17% climb from a year earlier, according to Cointelegraph. A hefty $182 million slice of that came from the company's ARC token presale, a handy boost on top of its core business.

Profitability surprised the room. Earnings per share came in at $0.84, exactly double the $0.42 analysts had penciled in. That's a beat, not a graze — and it gives Circle room to talk about growth rather than defense.

Not every line item sparkled. Income from USDC reserves slipped by 8%, landing at $657.6 million. Reserves are the stablecoin giant's bread and butter, so a dip there is the number worth watching even while the top line sings.

Circle isn't standing still on costs. The company says it will cut roughly 5% of its workforce as it pushes deeper into payments and blockchain services. Translation: fewer people in some seats, more bets on new ones.

So the picture is a company padding its quarter with a token sale, beating expectations on the bottom line, and reshaping its headcount for a payments-focused future. Investors get the headline win now; the reserve income trend is the subplot to track next quarter.