SQ2 News: Block Inc (SQ) Reports Robust Growth Amid Strategic Cost Reductions - 23rd Feb 2024, 8:33am

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Gross Profit: Grew 22% year over year to $2.03 billion in Q4 2023. Net Revenue: Increased by 24% year over year to $5.77 billion in Q4 2023. Adjusted EBITDA: Saw a significant increase to $562 million, up 2x year over year. Net Income: Attributable to common stockholders was $178 million. Cash App Ecosystem: Cash App generated gross profit of $1.18 billion, up 25% year over year. Bitcoin Revenue: Bitcoin gross profit was $66 million in Q4 2023, a 90% increase year over year. Guidance: 2024 outlo...

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