Why it matters: Overall year-over-year gross profit growth of 9% marked a meaningfully slowdown from recent results, with issues at Cash App as the main driver. Cash App year-over-year gross ...

Cash App generated $1.38 billion in gross profit in the first quarter, up 10% from a year earlier, but shy of the $1.42 ...

Q1 2025 Management View Jack Dorsey emphasized progress driven by product velocity and market efforts, highlighting Square's ...

Block Inc. remains bullish that its Cash App financial-services platform will remain a growth driver this year, despite its ...

Earnings from PayPal and Block revealed diverging paths in peer-to-peer payments, with Venmo accelerating and Cash App losing ...

Block shares are down on Friday after downbeat Q1 results, missed estimates on Cash App's profits and GPV, but expects growth ...

"Block's 1Q25 results missed expectations due to weaker Cash App gross profit, despite typically strong seasonality from tax refunds," analysts from Oppenheimer wrote in a report. Block on Thursday ...

"When things went wrong, Cash App flouted its responsibilities and even burdened local banks with problems that the company .

Block shares experienced a significant drop, plunging over 20% following a disappointing quarterly report and a wave of analyst downgrades. The company's failure to meet revenue expectations and its ...

Stream Connecticut News for free, 24/7, wherever you are. The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO and Benchmark — to ...

Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.