Block reports Q1 revenue down 3% YoY to $5.77B, vs. $6.2B est., gross profit up 9% to $2.3B, below est., issues weak profit guidance; XYZ drops 15%+ after hours (MacKenzie Sigalos/CNBC) 01-05-2025

MacKenzie Sigalos / CNBC:
Block reports Q1 revenue down 3% YoY to $5.77B, vs. $6.2B est., gross profit up 9% to $2.3B, below est., issues weak profit guidance; XYZ drops 15%+ after hours — WATCH NOW — Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook.