Block Q2 gross profit $1.47B (+29% YoY); core revenue ex-bitcoin up 34%

Block, Inc.

2022-Q2 EPS reported -$0.73 revenue$8,365,144,000

Gross profit $1.47B (+29% YoY); Square $755M, Cash App $705M, both +29%.
Total net revenue $4.40B (-6% YoY); ex-bitcoin revenue $2.62B (+34% YoY).
Ex-bitcoin and BNPL revenue $2.41B (+23% YoY); GPV from Square for Restaurants more than doubled YTD.
Cash App Borrow reached >1 million monthly actives in June 2022.
Q2 included $36M bitcoin impairment loss and $57M amortization of acquired intangibles.

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