Summary

  • Block, Inc. remains a Buy as Cash App drives record user growth and profitability, with 60M transacting users and 38% YoY segment growth.
  • Q3 earnings beat consensus: revenue up 1.5% and EPS at $1.13 versus $1.02 expected, with adjusted EBITDA growing 47% YoY.
  • Severance from major layoffs and a $764M DOJ accrual impacted GAAP results, but adjusted operating income surged 92% YoY.
  • I maintain a bullish stance on XYZ but recommend only small allocations or ETF exposure for risk-averse investors.
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Regular readers will know that there are a handful of stocks that I watch regularly. Some that I cover more regularly than others, but one that I've consistently covered every quarter so far this year is Block, Inc. (

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of XYZ, S&P 500 either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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