Block Says In Q3 Of 2023, Cash App Generated $3.58B Of Revenue And $984M Of Gross Profit, Up 34% And 27% Year Over Year, Respectively
Portfolio Pulse from Benzinga Newsdesk
In Q3 of 2023, Block's Cash App generated $3.58B in revenue and $984M in gross profit, marking a year-over-year increase of 34% and 27% respectively.
November 02, 2023 | 8:14 pm
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Block, formerly known as Square (SQ), reported a significant increase in Q3 2023 revenues and gross profit for its Cash App.
The news directly pertains to Block (formerly Square - SQ) and its Cash App's financial performance. The significant YoY increase in both revenues and gross profit is likely to be viewed positively by investors, potentially leading to a short-term increase in the company's stock price.
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IMPORTANCE 80
RELEVANCE 100