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Block revenue jumps on Cash App growth

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Block Inc posted a rise in third-quarter revenue on Thursday as the growth of Cash App helped to make up for stagnant cryptocurrency prices that had dogged the payments platform led by Twitter founder Jack Dorsey in previous quarters. The San Francisco, California-based company reported a 17 per cent rise

Block Inc posted a rise in third-quarter revenue on Thursday as the growth of Cash App helped to make up for stagnant cryptocurrency prices that had dogged the payments platform led by Twitter founder Jack Dorsey in previous quarters.

The San Francisco, California-based company reported a 17 per cent rise in total net revenue from the year prior at $4.52 billion in the third quarter.

 

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