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Block Inc's Q2 gross profit reached $2.54 billion, a year-on-year increase of 14%.
According to BlockBeats news on August 8, reported by The Block, Twitter co-founder Jack Dorsey's payment platform Block Inc reported a rise in revenue for the second quarter of this year, driving its stock price up 6% in after-hours trading on Thursday. According to the latest quarterly financial report disclosed on Thursday, Block achieved a gross profit of $2.54 billion in the second quarter, a year-on-year rise of 14%. In another shareholder letter, the company stated that it has raised its gross profit forecast for 2025 to $10.17 billion, higher than the previous estimate of $9.96 billion. In the second quarter, Block's net profit attributable to common shareholders was $538.46 million, compared to a net profit of $195.27 million in the same period last year.