Block Falls on Concerns Over Weaker Cash App Performance Published: May 2, 2025, 11:52 a.m. ET Resize ...

Cash App's growth strategy prioritizes engagement expansion, network growth targeting teens and families, and optimized marketing. Amrita Ahuja reported Q1 gross profit of $2.29 billion, a 9% year ...

Financial Results Block reported $8.89 billion in gross profit for 2024, up 18% year-over-year. Square contributed 15% growth, and Cash App grew 21% year-over-year. Adjusted EBITDA reached $3.03 ...

Block shares were on track for their second-worst day, plunging more than 20% after a brutal quarterly report and a wave of analyst downgrades. Analysts flagged fresh concerns around stagnant Cash ...

Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its posting lower than projected gross profits during the first quarter, the ...

Consumers spent less money on Cash App last quarter than Block had expected, causing a disappointing earnings report for the payments and commerce company. "Our growth in the first half of this year ...

Financial Results Block reported $8.89 billion in gross profit for 2024, up 18% year-over-year. Square contributed 15% growth, and Cash App grew 21% year-over-year.