secwatch.observer — SEC 8-K summary
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Issuer:     Block, Inc. (XYZ)
CIK:        0001512673
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001193125-23-135928
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Block Q1'23 gross profit $1.71B (+32% YoY); Cash App gross profit +49%
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- Total net revenue of $4.99B (+26% YoY); ex-bitcoin revenue $2.83B (+27% YoY).
- Cash App gross profit $931M (+49% YoY); Square gross profit $770M (+16% YoY).
- Cash App Card monthly actives reached 20M in March (+34% YoY) with higher spend per active.
- Square launched ~100 new products/features/partnerships to diversify seller revenue streams.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512673/000119312523135928/0001193125-23-135928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512673/000119312523135928/d440104d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-135928

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer