Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Block's Q3 Earnings Report: Bitcoin Business Contributes Nearly $2 Billion in Revenue

robot
Abstract generation in progress

[Crypto World] Jack Dorsey’s company Block just announced its Q3 earnings — total revenue hit $6.11 billion, with a net profit of $461.5 million.

The most interesting part is that their Bitcoin-related business brought in $1.97 billion this quarter, accounting for nearly one-third of the total revenue. It’s now the company’s second biggest revenue stream.

Old Jack, who left Twitter to go all-in on Bitcoin payments, seems to have made a pretty solid move. Through Cash App, Block has lowered the barrier for ordinary people to buy and sell Bitcoin to an all-time low. This segment alone can support such a large scale, showing that crypto payments are genuinely in demand in the U.S.

BTC1.49%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
SchrodingerAirdropvip
· 20h ago
Old Jack bets aggressively and wins big.
View OriginalReply0
PumpBeforeRugvip
· 11-07 02:10
btc to the mooooon
Reply0
MoonMathMagicvip
· 11-07 02:10
BTC this year is really going to da moon!
View OriginalReply0
HashRateHustlervip
· 11-07 02:09
Old Jack bet right!
View OriginalReply0
NFTRegrettervip
· 11-07 02:07
Jack is really a tough guy. Quitting was the right move.
View OriginalReply0
NotFinancialAdviservip
· 11-07 02:04
Old Jack still has some skills.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)