Gemini's first post-listing financial report shows a Q3 net loss well above expectations, causing the stock price to fall by 8.67% in pre-market trading.

BlockBeats News, November 11th, the US-listed cryptocurrency exchange Gemini Space Station released its first post-listing financial report, and its third-quarter loss exceeded market expectations.

Due to a sharp increase in marketing and listing-related expenses, the net loss for the quarter reached $1.595 billion (or $6.67 per share), doubling the analysts' expectation of $3.24 per share. Despite a doubling of revenue to $50.6 million year-over-year, the company's stock price still fell by 8.67% to $15.38 in pre-market trading.