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Key Takeaways Block said because of the dynamic economic environment, it was taking a 'more cautious stance' in its ...
Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro environment that ...
Block shares are down on Friday after downbeat Q1 results, missed estimates on Cash App's profits and GPV, but expects growth ...
"Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds," analysts from Oppenheimer wrote in a report. Block on Thursday ...
Block shares fell sharply Friday after the fintech and Bitcoin holder reported quarterly earnings well below Wall Street ...
Block, Inc. (NYSE: XYZ), the fintech behind Square, Cash App, and Afterpay, released its first-quarter 2025 financial results ...
Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its ...
Unexpected changes in spending patterns on the P2P app caused the company to miss internal and analyst targets, resulting in ...
Block Inc. is lowering its gross-profit outlook for the year after it failed to see the usual first-quarter strength in its ...
The parent company of Cash App and Square noticed changes to consumer spending as a result of the macro environment.
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After market close on Thursday, Jack Dorsey-led Block lowered its forecast for 2025 gross profit growth to 12% from 15%, ...