Block (XYZ) save Q4 2024

Block declare The fourth quarter results Wall Street fell short on Thursday. The stock fell more than 6% in extended trade.

Here’s how the company has done compared to consensus assessments of analysts.

• Earnings on a share: 71 cents are expected to be adjusted 87 kopecks
• Income: $ 6.03 Billion and 6.29 billion dollars are expected

About 4.5% of revenues increased by more than $ 5.77 billion a year.

The bloc, known as the square, accounted for $ 2.31 billion in total profit, a year ago, an increase of $ 2.03 billion a year. The company, which is an early leader in the provision of systems sold at the sale points for small businesses, has increased the competition of the approved Toast and Fiserv The unit of clover.

The total payment volume has arrived in $ 61.95 billion, According to StreetAccount, the analysts beat $ 61.3 billion. Interest, taxes, depreciation and depreciation or EBbit, 757 million dollars worth $ 757 million, depreciations, taxes, depreciation and depreciation or ebitization.

The block said that this year he expects 15% to $ 10.22 billion and made $ 2.1 billion in operating income for a 21% margin.

The block payments expanded outside the traditional sales points to enter business, credit and financial services. In 2021, the company has now purchased Australia, then pay the company for $ 29 billion, integration of the service to cash application and square ecosystem. This week, the next point on the cash application card begins to walk.

General Financial Officer Amrita Ahuja told CNBC that the product’s release aims to provide customers with more credit options and money app as a bank alternative to some customers.

CEO Jack Dorsey Creates costs and icons that combine more services such as cash applications and subsequent suggestions.

“This is a large base of the money card we can place it,” he said. “We can do it very quickly. It is easy to use a whole new program that can spread for us and use them immediately.”

Analysts, as the main driver of some money capital, lend to the capabilities of additional income in the field of merchant services and advertising in some money application. According to a single, crosscaccount, 16% increase a 1-year increase in the annual annual annual annual increase of $ 1.36 billion.

Dorsey also reduces the need to trust the long-term vision, which integrates the Cash app and square into a single financial ecosystem, to trust users to more than one application.

“There will be a significant reason to use the Cash application and not go to the App Store for 10 different applications,” he said. “Everything is in an application and it will be cash application.”

Under Dorsey’s management, the block made a big jump to Bitcoin, Including a year effort to design and build mining devices.

The block’s open bitcoin mining system is called proto. Ahuja, with the call of earnings, he said he was waiting for the initiative of the company’s initiative to start grow in the second half of 2025.

Dorsey has long been the block goal of the block is to open Bitcoin’s mining to the masses.

“We think the market is great and we think we are ready to draw an important percentage,” Dorsey said.

He added that this year, along with full mining systems, produces chips planned to spread this year.

“This year we will be one of the unexpected hand in this work and we will significantly change market dynamics for how much our system works and how it is configured.”

– CNBC’s Robert Hum contributed to this report.