Block Lifts 2026 Profit Outlook After Strong Quarter Despite Bitcoin Loss
businesscompany-earningsstocks 2 posts · 2 accounts
Jack Dorsey’s Block raised its full-year guidance after what it described as a strong first quarter, forecasting it will end 2026 with $2.91 billion in profit, or 19% year-on-year growth. The company also recorded a $173 million Bitcoin remeasurement loss, while its shares surged after the outlook increase.
From the sources (2 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