您现在的位置是:Block reports a 34% increase in its second >>正文
Block reports a 34% increase in its second
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛16人已围观
简介Block reports market-beating results for its fiscal second quarter.It attributed nearly half of its ...
- Block reports market-beating results for its fiscal second quarter.
- It attributed nearly half of its quarterly revenue to Bitcoin sales.
- Shares of the fintech still ended nearly 15% down on Friday.
Block Inc ended nearly 15% down on Friday even though it reported market-beating results for its second financial quarter.
Bitcoin made up half of Block’s Q2 revenue
The financial technology company saw continued interest in digital assets in Q2.
Its Bitcoin revenue went up 34% on a year-over-year basis to $2.40 billion and made up nearly half of its total quarterly revenue. Block also revealed in a letter to shareholders today:
As of June 30th, fair value of our investment in BTC was $245 million based on observable market prices, which was $142 million greater than carrying value after cumulative impairment charges.
The multinational attributed $44 million worth of gross profit in its recently concluded quarter to Bitcoin sales – up 7.0% versus a year ago. Block shares are now down nearly 30% versus their year-to-date high.
Notable figures in Block’s Q2 earnings print
- Lost $123 million versus the year-ago $208 million
- Per-share loss narrowed from 36 cents to 20 cents
- Adjusted EPS printed at 39 cents as per the press release
- Sales went up 26% year-on-year to $5.53 billion
- Consensus was 36 cents a share on $5.1 billion in revenue
- Square and Cash App gross profits climbed 18% and 37%
- Gross payment volume increased 12% to $59.01 billion
Block now forecasts $1.5 billion in full-year adjusted EBITDA. Its previous guidance was for $1.36 billion. The conglomerate also said in its letter to shareholders:
In early 2023, we incorporated Gen AI as a strategic priority because we believe the tech can create new features and efficiencies for our customers.
Wall Street currently has a consensus “overweight” rating on Block stock.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/44381.html
相关文章
As Pepe struggles to maintain its early 150x boom, Is there a new contender to its throne?
Block reports a 34% increase in its secondTLDR:Pepe ($PEPE) struggles post-150x boom due to lack of market sustainability and utility.NuggetRu...
阅读更多
Microsoft's Bing now comes packed with DALL
Block reports a 34% increase in its secondBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Microsoft...
阅读更多
Google marks major milestone towards its 1,000
Block reports a 34% increase in its secondBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Search gi...
阅读更多
热门文章
- Ripple (XRP) Sees Strong Recovery Over The Past Few Days
- SEC charges Kraken with unregistered operations and fund mixing
- Revolut Crypto Trading Services Now Available In Australia
- Angola satellite: Airbus secures contract to build most advanced satellite
- Us Lawmakers Approve Proposed Study On Blockchain
- Huobi Token (HT) rises amidst increased trading volume
最新文章
US startup plans to launch world's first ammonia
Flare partners with Elliptic for crypto risk management
Ether price soars ahead of London hard fork
Tether attestation shows cash & cash equivalents rose to 85.7%
'DribbleBot' can learn to dribble a soccer ball and could save lives
The engineering behind those F1 wheel guns is incredible