2 November 2023

Block Q3: revenue up 24% YoY to $5.62B, vs. $5.4B est., gross profit up 21% to $1.9B, Square gross profit up 15%, Cash App gross profit up 27%; SQ jumps 17%+ (Emily Bary/MarketWatch)

Emily Bary / MarketWatch:
Block Q3: revenue up 24% YoY to $5.62B, vs. $5.4B est., gross profit up 21% to $1.9B, Square gross profit up 15%, Cash App gross profit up 27%; SQ jumps 17%+  —  ‘Really what we expect to see next year is meaningful margin expansion,’ CFO says  —  Block Inc. reported better …

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