Block reports Q3 gross profit $1.90B (+21% YoY); raises FY2023 guidance; authorizes $1B buyback

Block, Inc.

2023-Q3 EPS reported -$0.28 revenue$16,142,581,000

Gross profit $1.90B (+21% YoY); Cash App $984M (+27%), Square $899M (+15%).
Total net revenue $5.62B (+24% YoY); ex-bitcoin $3.19B (+16%).
Raising full-year 2023 Adjusted Operating Income and Adjusted EBITDA guidance.
Board authorizes $1B share repurchase; headcount capped at 12,000.
Cash App Pay monthly actives >2M, doubling since June.

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