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BLOCK(SQ) - 2024 Q2 - Quarterly Results
2024-08-02 04:16
财务业绩 - 第二季度毛利润同比增长20%至22.3亿美元[16] - 第二季度经营收入为3.07亿美元,经调整后的经营收入为3.99亿美元[17] - 第二季度净收益为1.95亿美元,经调整后的EBITDA为7.59亿美元,同比增长98%[17] - 总收入为61.56亿美元,同比增长11.2%[120] - 交易类收入为17.13亿美元,同比增长4.6%[120] - 订阅和服务类收入为17.88亿美元,同比增长22.3%[120] - 比特币收入为26.12亿美元,同比增长9.2%[120] - 总运营费用为19.27亿美元,同比下降3.6%[120] - 净利润为1.95亿美元,上年同期亏损1.02亿美元[120] - 总营收为55.35亿美元,同比下降10.1%[127] - Cash App分部营收为36.73亿美元,同比下降11.0%[127] - Square分部营收为18.12亿美元,同比下降8.5%[127] - 总毛利为18.66亿美元,同比增长20%[133] - 经调整营业利润为3.99亿美元,同比增长1465%[133] - 经调整EBITDA为7.59亿美元,同比增长97.5%[133] - 经调整每股收益为0.95美元,同比增长131.7%[131] - 公司总净收入(不含比特币)为67.7亿美元,同比增长13.4%[144] - Cash App收入(不含比特币)为29.6亿美元,同比增长16.2%[146] - Square总毛利润(不含PPP贷款豁免)为9.22亿美元,同比增长14.7%[148] - Square银行业务毛利润(不含PPP贷款豁免)为2.11亿美元,同比增长27.1%[149] - 调整后净收益为5.89亿美元,同比增长134.8%[151] - 调整后每股收益为0.93美元,同比增长132.5%[151] 运营指标 - 总支付量为619.41亿美元,同比增长4.9%[131] - Cash App支付量为35.69亿美元,同比下降26.5%[131] - Square支付量为583.72亿美元,同比增长7.8%[131] - 现金应用(Cash App)月度交易活跃用户达5700万,同比增长5%[69] - 现金应用总流入额为710亿美元,同比增长15%,每位活跃用户的流入额为1243美元,同比增长10%[69] - 现金应用的货币化率为1.53%,同比增长9个基点,环比增长5个基点,主要得益于现金应用借贷业务[69] - 现金应用卡的月度活跃用户超过2400万,同比增长13%,每位活跃用户的消费额也同比增长[70] 成本管控 - 产品开发费用为7.13亿美元,同比增长3%[75] - 销售和营销费用为5.08亿美元,同比下降6%[75] - 一般和行政费用为4.74亿美元,同比下降14%[75] - 产品研发支出为4.44亿美元,同比增长7.7%[153] - 销售及营销支出为4.74亿美元,同比下降2.9%[153] - 一般及行政支出为3.71亿美元,同比下降1.6%[153] - 折旧及摊销费用为1.95亿美元,同比增长2.5%[155] 业务发展 - 正在推进销售、合作伙伴、营销和产品等四个方面的改革以提升Square的市场表现[11] - 任命Afterpay CEO Nick Molnar领导公司统一的销售职能,以提升Square销售团队的绩效[3,5] - 与大型食品分销商如US Foods等建立合作伙伴关系,覆盖美国40%的餐厅市场[7,28] - 推出新的入职平台,将入职步骤从30多步简化到4步,提升新商户入驻体验[13,29] - 推出Square Kiosk自助点餐系统,帮助餐饮商户管理人力成本、缩短等候时间、提高订单准确性[24] - 推出Square Appointments服务套餐功能,帮助服务类商户提升客户忠诚度和结账效率[25] - 现金应用的订阅和服务收入为14.2亿美元,同比增长23%[68] - 方块(Square)的总收入为19.8亿美元,同比增长9%,总毛利为9.23亿美元,同比增长15%[50] - 方块的国际市场毛利同比增长34%,主要得益于银行产品的增长[51] - 方块的软件和集成支付业务毛利同比增长14%,垂直行业POS解决方案毛利同比增长21%[53] - 方块的银行业务(包括贷款、即时转账和借记卡)毛利同比增长27%[60] - 比特币收益为6700万美元,同比增长52%[73] - 现金应用程序交易收入为9900万美元,同比下降26%[73] 财务管理 - 公司发行了20亿美元的高级无担保债券[91] - 公司回购了5.7百万股A类普通股,总金额为3.9亿美元[92] - 公司定义了Gross Payment Volume (GPV)和Gross Merchandise Value (GMV)作为关键运营指标[116] - 公司使用了多个非GAAP财务指标,包括Adjusted EBITDA、Adjusted Net Income、Adjusted EPS等,用于分析公司的经营业绩[117][118] - 公司剔除了一些非经常性因素,如股份支付费用、无形资产摊销、收购相关成本等,以更好地反映公司的核心经营情况[117][118] - 公司还提供了不包括BNPL业务、比特币收入和PPP贷款豁免收益的指标,以帮助投资者更好地理解公司的基础业务[118] - 公司解释了这些非GAAP指标的局限性,并表示它们只是补充GAAP指标使用,不能替代GAAP指标[119] -
Domino's Pizza INVESTOR ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
GlobeNewswire News Room· 2024-08-02 03:33
BOSTON, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Domino's Pizza, Inc. (NYSE: DPZ) for potential securities law violations. Investors who have lost money in their Domino's Pizza, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/dpz. What is this all about? Shares of Domino’s Pizza, Inc. fell 10% following the company's suspension of long-term global growth guidance. Block & Leviton ...
Analysts Expect At Least 60% Upside In This Fintech
MarketBeat· 2024-08-01 21:30
After softening over the past couple of weeks, there was a sense in yesterday's session that perhaps the market is ready to turn north once again. The benchmark indices all had some of their best days in recent weeks, with the S&P 500 finishing up 1.5% and the tech-heavy NASDAQ finishing up more than 3%. Block TodaySQBlock$62.40 +0.52 (+0.84%) 52-Week Range$38.85▼$87.52P/E Ratio81.04Price Target$87.25Add to WatchlistThe market-wide correction over recent weeks, felt most acutely by tech stocks, has opened u ...
SHAREHOLDER ALERT: Five Below Investigated for Securities Fraud; Investors encouraged to contact Block & Leviton
GlobeNewswire News Room· 2024-07-31 23:35
BOSTON, July 31, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Five Below, Inc. (Nasdaq: FIVE) for potential securities law violations. Investors who have lost money in their Five Below investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/five. What is this all about? Shares of Five Below fell 21% following the resignation of the company's CEO, Joel Anderson, and a reported decline in sales. Block & Lev ...
Is Block (SQ) Stock a Smart Buy Before Q2 Earnings Release?
ZACKS· 2024-07-31 01:31
Block (SQ) is scheduled to release its second-quarter 2024 results on Aug 1. For the second quarter, the Zacks Consensus Estimate for revenues is pegged at $6.22 billion, suggesting a rise of 12.3% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for second-quarter earnings is pegged at 76 cents per share, suggesting a jump of 94.9% from the year-ago reported figure. The estimate has been revised upward by 1.4% over the past 30 days. Image Source: Zacks Investment Research Block ha ...
Block: Stay Conservative As Q2 Results Approach
Seeking Alpha· 2024-07-30 23:11
Joe Raedle I initially covered Block (NYSE:SQ) at the start of April. At the time, I was cautious about the valuation and its potential for good returns in the long run. This wasn't just a question of its current financial capacity but also the story to how it should grow that. According to its founder-CEO, Jack Dorsey, the key is to develop an ecosystem in their company (hence changing the name from Square to Block). Citing reasonable doubt, I noted: Customers care about what happens with their mone ...
NuScale Power Corp. ALERT: Securities Fraud Investigation by Block & Leviton Could Allow Investors to Recover Losses
GlobeNewswire News Room· 2024-07-30 01:42
BOSTON, July 29, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating NuScale Power Corp. (NYSE: SMR) for potential securities law violations. Investors who have lost money in their NuScale Power Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/smr. What is this all about? According to Hunterbrook Media, NuScale Power Corp. (NYSE: SMR) is actively being investigated by the U.S. Securities and Exchang ...
Arbor Realty Trust Investigated for Securities Fraud; Block & Leviton Encourages Investors Who Have Lost Money to Contact the Firm
GlobeNewswire News Room· 2024-07-29 22:50
BOSTON, July 29, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Arbor Realty Trust, Inc. (NYSE: ABR) for potential securities law violations. Investors who have lost money in their Arbor Realty Trust, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/abr. What is this all about? According to Bloomberg, federal "investigators are inquiring about lending practices and [Arbor Realty]'s claims about ...
Countdown to Block (SQ) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-07-29 22:22
Wall Street analysts expect Block (SQ) to post quarterly earnings of $0.76 per share in its upcoming report, which indicates a year-over-year increase of 94.9%. Revenues are expected to be $6.22 billion, up 12.3% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's earnings release, it is of utmost importance t ...
Block (SQ) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-07-25 23:07
Wall Street expects a year-over-year increase in earnings on higher revenues when Block (SQ) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the other ...