SQ - Block Q4 Earnings Highlights: Revenue Beat EPS Miss Q1 Guidance Rule Of 40 Update And More | Benzinga
Fintech Block Inc (NYSE:SQ) reported fourth-quarter financial results after market close Thursday.
Here are the key highlights.
What Happened: Block reported fourth-quarter revenue of $5.77 billion, which was up 24% year-over-year. The revenue total beat a Street consensus estimate of $5.70 billion, according to data from Benzinga Pro.
Block reported adjusted earnings per share of 45 cents, which was shy of a Street consensus estimate of 59 cents per share.
The company had gross profit of $2.03 billion in the fourth quarter.
Revenue for the fourth quarter was $3.25 billion, excluding Bitcoin, which was up 15% year-over-year.
Transaction revenue in the fourth quarter was $1.60 billion, which was up 8% year-over-year. GPV was $57.49 billion in the fourth ...