Block beats Q3 earnings and revenue estimates, raises full-year guidance
Photo: Crypto Briefing
Cash App drove a 22% jump in gross profit, while Bitcoin gross profit fell by half Block, the fintech company co-founded by Jack Dorsey, posted third-quarter results that beat Wall Street on both earnings and revenue. Then it raised its full-year adjusted earnings guidance above what analysts had pencilled in. Beating estimates is nice. Raising guidance tells you management expects that strength to last. In this report, Cash App did most of the heavy lifting. Its Bitcoin business went the other way. Block (NYSE: XYZ) reported its results for the third quarter of 2026 on November 3.
Source: Crypto Briefing
