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Cryptocurrency platform and CoinDesk parent company Bullish (BLSH) announced its Q1 2026 financial results, showing an adjusted revenue of $92.8 million, below analysts' expectations of $94.9 million. Adjusted EBITDA was $35.1 million, below the expected $38 million. Bullish stated that the performance decline was mainly due to weak digital asset trading activity at the beginning of the year. Additionally, Bullish reported a net loss of $604.9 million in the first quarter (diluted loss per share of $3.85), compared to a loss of $348.6 million in the same period last year. Following the earnings report, BLSH's stock price fell 7.9% in pre-market trading. (CoinDesk)