CryptoWorld News reports that Block Inc. showed a total net revenue of $6.06 billion in its first quarter 2026 report, up from $5.77 billion in the same period last year. Although the company recorded a net loss of $308.7 million for the quarter, its stock price rose 7.93% in after-hours trading to $75.70. Adjusted earnings per share were $0.85, surpassing market expectations of $0.68. Block's Bitcoin ecosystem revenue declined to $1.8 billion from $2.33 billion in the same period last year, mainly due to "Bitcoin trading dynamics" and the decision to lower some trading fees. Cash App performed strongly in the quarter, with gross profit reaching $1.91 billion, a 38% year-over-year increase.

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