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Block, Inc. is a financial services and mobile payments company headquartered in San Francisco, California. Block was founded in 2009 by Jack Dorsey and Jim McKelvey.
Currently, one of Block’s main sources of revenue is Cash App, which allows users per-to-per transfer. CashApp was released in October 2013 and reported 36 million monthly active users as of December 2020. In this platform, users can also buy Bitcoin and stocks.
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Watanabe & Brothers’ Investment is holding shares of Block, Inc. We provide these information solely for informational purpose and not for the purpose of soliciting investment in, or as a recommendation to purchase or sell any specific products.
Latest News and Analysis on Square, Inc.
Block (NYSE: SQ) announced its 2022 Q1 financial results on May 5, 2022. According to the announcement, total net revenue was up 28% (YoY, 3 months). Meanwhile, Block recorded an operating and net losses of 227 million USD and 207 million USD, respectively. Among Block’s operating and net losses, share-based compensation accounts for 275 millionContinue reading “Block is aggressively conducting Upfront Investment “
Block (NYSE: SQ) announced 2021 Q4 financial results on February 24th, 2021. According to the announcement, Block recorded operating loss and net loss for the quarterly basis, with the amount of net loss of 81 million USD (3 months) despite total net revenue was up 29% (YoY, 3 months). One of main causes of theContinue reading “Block, Inc. recorded Negative Free Cash Flow in Full Year of 2021”
Square (NYSE: SQ) announced its 2021 Q3 financial results on November 4, 2021. According to the announcement, total net revenue was up 27% (3 months, YoY). On the other hand, operating income was down 53% . In addition, Square recorded a net loss of 2.9 million USD in the three months ending September 30, 2021.Continue reading “Square recorded Net Loss in 2021 Q3 Financial Results”
Square, Inc. (NYSE: SQ) announced 2021 Q2 financial results on August 1st. According to the announcement, total revenue and adjusted EBITDA were up 142.2% and 267.4%, respectively (YoY, 3 months). In addition, operating income was 125 million USD. Its net income was 204 million USD. In 2020 Q2, Square had recorded operating loss and netContinue reading “Square’s Adjusted EBITDA recorded Triple-Digit Growth”
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