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Block unveils solid results – 02/25/2022 at 14:56


(AOF) – The American specialist in online payments Block (Ex-Square) is expected to rise sharply thanks to its good results. In the fourth quarter, it generated a net loss of $76.8 million, compared with a profit of $293.96 million, or 59 cents per share, a year earlier. Excluding items, the loss per share was 27 cents, while the consensus was 24 cents.

Square’s revenue rose 29% to $4.08 billion. The market was for $4.01 billion. Square processed $46.3 billion in payments, up 45%.

Excluding bitcoin, the revenue generated increased in greater proportions: +51% to $2.12 billion. Bitcoin-related revenue rose 12% to $1.96 billion.

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