Bitcoin News Update: Block's Revenue Falls Short Despite Positive Outlook

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Bitcoin News Update: Block's Revenue Falls Short Despite Positive Outlook

Bitget-RWA2025/11/07 03:44

By:Bitget-RWA

- Block's Q3 earnings and revenue missed estimates, causing a 12% post-market stock drop. - Square's GPV grew 12% YoY, and Cash App's gross profit per user rose 25% to $94.16. - The company raised 2025 gross profit guidance to $10.24B but faces margin durability concerns. - Bitcoin initiatives, including $2B in Q3 revenue, face regulatory scrutiny and market volatility. - Analysts highlight weak profit flow-through and intensifying peer-to-peer payment competition.

Block Inc. (NYSE: XYZ) experienced a significant drop in its share price during after-hours trading after releasing its third-quarter results, which failed to meet Wall Street’s expectations for both revenue and earnings per share, even though the company raised its full-year gross profit forecast, according to

a Benzinga report

. The financial technology leader posted adjusted earnings of $0.54 per share, missing the consensus estimate of $0.67, and reported $6.11 billion in revenue, falling short of the anticipated $6.31 billion. Shares slid about 12% to $63.80 in after-hours trading, deepening the stock’s year-to-date loss to 18.24%.

Despite the disappointing headline numbers, Block pointed to positive momentum in several core areas. Square’s gross payment volume (GPV) climbed 12% from the prior year, with U.S. GPV advancing 8.9% and international GPV jumping 26%. Cash App’s gross profit per monthly active transactor increased 25% to $94.16, while monthly active users reached 58 million. CEO Jack Dorsey highlighted “strong quality and rapid execution” in

a shareholder letter

, citing Square’s expanding market presence and Cash App’s 24% gross profit growth.

Block also

raised its 2025 gross profit guidance

to $10.24 billion, signaling more than 15% growth year over year. Still, the market remained skeptical, with analysts noting that profit gains were not translating strongly into operating income. EBIT surpassed expectations by only $7 million, raising concerns about the company’s ability to sustain margins. “The main earnings miss overshadowed the incremental guidance increases in the near term,” one analyst commented.

The company’s

Bitcoin

initiatives continue to draw attention. Block’s Bitcoin mining division, Proto,

recorded its first revenue

in the third quarter, with CFO Amrita Ahuja describing it as a “potential next major ecosystem.” At the same time, Block’s Bitcoin-related business generated

close to $2 billion

in Q3, though this occurred as the company faced regulatory scrutiny earlier in the year. An

earnings call transcript

offers further insight into mining activities and industry trends.

Investors are also watching broader economic pressures. Reuters pointed out that cautious consumer spending and growing competition in the peer-to-peer payments space are weighing on short-term profitability. A

GuruFocus note

highlighted the stock’s volatility since its ticker was changed to

XYZ

in January 2025, and the recent earnings miss has renewed debate over the company’s long-term direction.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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