Block : Q1 2023 above expectations, 2023 EBITDA guidance raised by 5%
>Q1 2023 far better than expected, especially on the EBITDA line - Block released its Q1 2023 results yesterday (after the close) and they came out far better than expected. Gross profit reached $ 1.715bn (css $ 1.657bn), up 32% y-o-y (+27% organic) and up 3% q-o-q. A breakdown by segment shows that gross profit came to $ 770m (css $ 742m) at Square Seller (merchant services) and at Cash App (consumer services) it reached $ 931m (css $ 869m). Adjusted EBITDA amounted...Square is a commerce ecosystem that combines software with hardware to enable sellers to turn mobile devices and computing devices into payment and point-of-sale solutions. With the company's offering, a seller can accept payments via magnetic stripe, Europay, MasterCard, and Visa, or Near Field Communication; or online via Square Invoices, Square Virtual Terminal, or the seller's website or app. Also, sellers can gain access to reporting and analytics, next-day settlements, digital receipts, payment dispute and chargeback management, security, and Payment Card Industry compliance. The company's Cash App enable individuals to send and receive money electronically to and from individuals and businesses.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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