SQ - Block Q3 Earnings Shines: Revenue Up 24% Cash App Users Up 11% $1B Buyback And More | Benzinga
Block Inc (NYSE: SQ) reported third-quarter financial results after the bell. Here's a look at the key metrics from the quarter.
What Happened: Block said third-quarter revenue increased 24% year-over-year to $5.62 billion, versus the consensus estimate of $5.441 billion, according to Benzinga Pro. Excluding Bitcoin (CRYPTO: BTC) revenues, total revenue was $3.19 billion, up 16% year-over-year.
The payment services company reported third-quarter adjusted earnings of 55 cents per share versus estimates of 47 cents per share.
Gross profits were up 21% year-over-year. Gross payment volume came in at ...