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-0.000858614768174045 -0.00108471665712652 -0.00228820835718385 -0.000286204922724817 -0.00460789925586724 -0.00586720091585591 -0.00586720091585591 -0.00586720091585591
Stock impact report

Block (SQ) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y [Yahoo! Finance]

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Company Research Source: Yahoo! Finance
Net revenues of $5.96 billion surpassed the Zacks Consensus Estimate of $5.75 billion. The top line increased 19% from the prior-year quarter. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $4.17 billion to net revenues for the reported quarter, up 23% year over year. Strength across the BNPL platform, Cash App Card and bitcoin products benefited the Cash App performance. Block witnessed solid traction across the Square ecosystem, generating $1.73 billion in revenues, up 11% year over year. The company witnessed strong growth in subscription revenues. Accelerating bitcoin revenues was positive. Its growing gross payment volume (GPV) drove the results. Block, Inc. Price, Consensus and EPS Surprise Block, Inc. price-consensus-eps-surprise-chart | Block, Inc. Quote GPV GPV in the first quarter amounted to $54.43 billion, up 6% from the year-ago quarter. The figure lagged the Zacks Consensus Estimate of $54.9 b Show less Read more
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