Bitcoin News Update: Block's Revenue Falls Short Despite Positive Outlook
- Block's Q3 earnings and revenue missed estimates, causing a 12% post-market stock drop. - Square's GPV grew 12% YoY, and Cash App's gross profit per user rose 25% to $94.16. - The company raised 2025 gross profit guidance to $10.24B but faces margin durability concerns. - Bitcoin initiatives, including $2B in Q3 revenue, face regulatory scrutiny and market volatility. - Analysts highlight weak profit flow-through and intensifying peer-to-peer payment competition.
Block Inc. (NYSE: XYZ) experienced a significant drop in its share price during after-hours trading after releasing its third-quarter results, which failed to meet Wall Street’s expectations for both revenue and earnings per share, even though the company raised its full-year gross profit forecast, according to
Despite the disappointing headline numbers, Block pointed to positive momentum in several core areas. Square’s gross payment volume (GPV) climbed 12% from the prior year, with U.S. GPV advancing 8.9% and international GPV jumping 26%. Cash App’s gross profit per monthly active transactor increased 25% to $94.16, while monthly active users reached 58 million. CEO Jack Dorsey highlighted “strong quality and rapid execution” in
Block also
The company’s
Investors are also watching broader economic pressures. Reuters pointed out that cautious consumer spending and growing competition in the peer-to-peer payments space are weighing on short-term profitability. A
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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