The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On May 9, Block reported strong Q1 results, beating non-GAAP EPS and revenue expectations, with adjusted EBITDA exceeding $1B for the first time. Cash App's primary banking actives grew 18% YoY to 9.7M, with inflows per active rising by 10%. However, the company posted a sharp net income loss tied to layoffs despite the operational beat.