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Block shares fall on profit, revenue miss - TL;DR CNBC

Block shares fall on profit, revenue miss

Publishing timestamp: 2025-02-20 21:17:44


Summary

Block reported weaker-than-expected revenue and profit for the fourth quarter, underperforming Nasdaq in 2024. The company faces increased competition in the point-of-sale systems market but is expanding its payments business. Block acquired Afterpay and is integrating its services into Cash App. The company is also making a big jump into bitcoin mining with the goal of opening it up to the masses. CEO Jack Dorsey envisions a single financial ecosystem with Cash App at the center.


Sentiment: MIXED

Tickers: XYZXYZ?QSEARCHTERM=BLOCKTOSTFISV

Keywords: fintechbitcoin/usd coin metricscryptocurrencyjack dorseybitcointechnologybusiness newstoast incblock incfiserv incearningsenergy

Source: https://www.cnbc.com/2025/02/20/block-xyz-earnings-q4-2024.html


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