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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’s Subscription and Service-Based Revenue was Up 68.0% in 2022
Block (NYSE: SQ) announced its 2022 Q4 financial results on February 23, 2023. According to the announcement, total net revenue was down 0.7% (TTM, YoY). In addition, Block recorded operating loss and net loss of 624,352 million USD and 553,005 million USD, respectively (TTM). This was due to recording share-based compensation expenses of 1,071,278 millionContinue reading “Block’s Subscription and Service-Based Revenue was Up 68.0% in 2022”
Block’s Subscription Related Revenue was Up 71.5% in 2022 Q3 Results
Block (NYSE: SQ) announced 2022 Q3 financial results on November 3, 2022. According to the announcement, total revenue was up 17.4% (3 months, YoY). In addition, adjusted EBITDA was up 40.3%. On the other hand, Block has recorded negative operating loss and net loss of 48,789 thousand USD and 18,744 thousand USD, respectively (3 months). Continue reading “Block’s Subscription Related Revenue was Up 71.5% in 2022 Q3 Results”
Block is continuously recording Operating Loss and Net Loss
Block (NYSE: SQ) announced its 2022 Q2 financial results on August 4, 2022. According to the announcement, total net revenue was down 6% (3 months, YoY). Operating loss and net loss were 214 million USD and 209 million USD, respectively. Meanwhile, gross profit was up 29% (3 months, YoY). Due to Block’s aggressive upfront investment,Continue reading “Block is continuously recording Operating Loss and Net Loss”
Block is aggressively conducting Upfront Investment
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 “
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