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Block's Q2 performance was strong, and the stock price surged 6% after hours.
On August 8, according to reports, Twitter co-founder Jack Dorsey's payment platform Block Inc reported a rise in revenue for the second quarter of this year, boosting its stock price by 6% in after-hours trading on Thursday.
According to the latest quarterly financial report disclosed on Thursday, Block achieved a gross profit of $2.54 billion in the second quarter, a year-on-year increase of 14%. In another letter to shareholders, the company stated that it has raised its gross profit expectation for 2025 to $10.17 billion, up from the previously expected $9.96 billion.
In the second quarter, the net profit of the Block attributable to ordinary shareholders was 538.46 million USD, while the net profit for the same period last year was 195.27 million USD.