Block Rises 8% After Earnings Beat Despite First Loss in Three Years
Jack Dorsey’s Block rose about 8% after first-quarter earnings beat analyst estimates, despite posting its first loss in three years amid a decline in Bitcoin revenue.
The move adds to earlier momentum after Block raised its full-year 2026 profit forecast to $2.91 billion, or 19% year-on-year growth, following what it described as a strong quarter. The company also recorded a $173 million Bitcoin remeasurement loss.
From the sources (3 posts)
@theblockcoDorsey's Block raises full-year guidance after 'strong' Q1, records $173 million bitcoin remeasurement loss
@businessShares of Block surged after it raised its full-year profit forecast, expecting to end 2026 with $2.91 billion, a 19% year-on-year growth
@cointelegraph🔥 TODAY: Jack Dorsey's Block surges 8% after Q1 earnings beat analyst estimates despite posting its first loss in three years amid a Bitcoin revenue decline.