MicroStrategy Inc. reported a disappointing Q3 2024 earnings, with total revenue down 10.3% year-over-year to $116.1 million, missing the consensus estimate of $122.7 million. The company posted a net loss of $340.2 million, with earnings per share (EPS) at -$1.72, significantly below the consensus of -$0.14. Operating expenses for the quarter were $514.3 million, and gross profit stood at $81.7 million. Following the earnings report, MicroStrategy's shares fell 5.9% post-market. Despite a 5.1% return on its Bitcoin holdings, the company's overall financial performance has raised concerns among analysts, who warn of potential further declines if Bitcoin prices fall after the U.S. elections. Year-to-date, MicroStrategy's Bitcoin yield is 17.8%, and the company has revised its long-term target to achieve an annual Bitcoin yield of 6% to 10% between 2025 and 2027.