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Jack Dorsey slashes 40% of Block staff despite rising profits
Block Inc. (Nasdaq: XYZ), Jack Dorsey's Bitcoin-centric fintech company reported the financial results for Q4 2025 on Feb. 26. The company generated adjusted earnings per share (EPS) of $0.65 on revenue of $6.25 billion. Analysts surveyed by London Stock Exchange Group (LSEG) had projected EPS of $0.65 on $6.24 billion in revenue. Gross profit for the quarter jumped 24% year-over-year to $2.87 billion, fueled by a 33% surge in Cash App gross profit ($1.83 billion). The company expects to generate $12.2 billion in gross profit with the adjusted EPS of $3.66 in 2026. But thanks to its tight embrace of artificial ... (full story)
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