Payward’s Q3 EBITDA falls 66% as operating activity increases
Kraken parent Payward reported $60 million in adjusted EBITDA for the third quarter, down sharply from a year earlier but above its second-quarter result.
Kraken parent Payward reported $60 million in adjusted EBITDA for the third quarter, down sharply from a year earlier but above its second-quarter result. This is an original TLT brief synthesising 3 outlets (Crypto Economy, The Block, CoinEdition), with their figures cross-checked, plus live market data, as of Sat, 14 Nov 2026 00:45:02 UTC.
Payward’s results put a sharper profitability figure alongside growth in transaction volume, funded accounts and billable accounts. The company also plans to enter U.S. prediction markets, adding a new business direction to its exchange platform.
- Q3 adjusted EBITDA was $60 million, down 66% year over year.
- Adjusted EBITDA rose from $23 million in Q2.
- Transaction volume increased 22% sequentially to $353 billion.
- Funded accounts reached 7.1 million; billable accounts rose 74% year over year.
Crypto Economy and The Block agree that Payward reported $60 million in third-quarter adjusted EBITDA, representing a 66% year-over-year decline. Crypto Economy adds that the result improved from $23 million in Q2 and reports $353 billion in transaction volume, 7.1 million funded accounts and 74% year-over-year growth in billable accounts. The Block highlights 37% growth in funded accounts, while no outlet cited conflicting figures for EBITDA or the reported year-over-year decline.
Payward, the parent company of Kraken, reported $60 million in adjusted EBITDA for the third quarter, according to Crypto Economy and The Block. The figure represented a 66% decrease from the same period a year earlier, although it was a substantial sequential improvement from the $23 million adjusted EBITDA recorded in the second quarter.
The operating metrics moved in the opposite direction in several areas. Crypto Economy reported that transaction volume rose 22% sequentially to $353 billion, while funded accounts increased to 7.1 million. It also said billable accounts climbed 74% year over year, providing additional context for the company’s user and activity growth. The Block specifically highlighted a 37% increase in funded accounts.
Both outlets therefore present the same central result: lower year-over-year adjusted EBITDA paired with continued expansion in account and transaction measures. Crypto Economy emphasizes the sequential rebound and broader operating data, while The Block focuses on the decline in profitability and funded-account growth. The reported figures do not conflict, and both outlets corroborate the $60 million EBITDA result and 66% year-over-year decline.
Payward is also planning U.S. prediction markets, according to Crypto Economy. That expansion detail places the quarterly performance within a broader strategy involving the company’s established platform and a planned new market. The supplied coverage does not provide a launch timetable or additional financial targets for the prediction-market initiative.
The wider crypto market backdrop was weak during the reported period. Total market capitalization stood at $2.39 trillion, while 
Bitcoin fell 3.68% over 24 hours and the overall market was broadly lower. The Fear & Greed index registered 20, labeled Extreme Fear, providing market-wide context for Payward’s results without linking the quarterly figures to a particular listed coin. The figures to watch next are whether adjusted EBITDA can remain above the reported Q2 level and whether transaction volume, funded accounts and billable-account growth continue alongside the planned U.S. expansion.
2 key figures independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Payward’s Q3 EBITDA falls 66% as operating activity increase — questions & answers
What was Payward’s third-quarter adjusted EBITDA?
Payward reported $60 million in adjusted EBITDA for Q3, down 66% from a year earlier. The figure was above the $23 million recorded in Q2.
How did Payward’s operating metrics change?
Crypto Economy reported a 22% sequential increase in transaction volume to $353 billion, funded accounts of 7.1 million and 74% year-over-year growth in billable accounts. The Block also highlighted 37% growth in funded accounts.
What new market is Payward planning to enter?
Crypto Economy reports that Payward plans to launch U.S. prediction markets. The supplied coverage did not specify a launch date.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, The Block, CoinEdition, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.