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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/08/01 16:25

Moomoo AI 已提取核心信息

Block reported strong Q2 2024 results with total revenue increasing 11% year-over-year to $6.2 billion and net income attributable to common stockholders of $195.3 million, compared to a net loss of $102.0 million in Q2 2023. Gross profit grew 20% to $2.2 billion, driven by robust performance across its ecosystems. Cash App generated gross profit of $1.3 billion, up 23%, while Square's gross profit rose 15% to $922.6 million.Operating income reached $306.6 million compared to a loss of $132.1 million last year, reflecting improved operational efficiency. The company maintained strong liquidity with $10.3 billion available, including $9.5 billion in cash and investments. During the quarter, Block issued $2.0 billion in senior notes due 2032 and repurchased $389.5 million of Class A common stock under its share repurchase program.Block continued to focus on disciplined growth and cost efficiencies, maintaining its employee cap of 12,000 while realizing benefits from previous restructuring initiatives. The company's subscription and services-based revenue grew 22% to $1.8 billion, with particular strength in Cash App's financial services products and Square banking solutions. Transaction-based revenue increased 5% to $1.7 billion on GPV growth of 5%.
Block reported strong Q2 2024 results with total revenue increasing 11% year-over-year to $6.2 billion and net income attributable to common stockholders of $195.3 million, compared to a net loss of $102.0 million in Q2 2023. Gross profit grew 20% to $2.2 billion, driven by robust performance across its ecosystems. Cash App generated gross profit of $1.3 billion, up 23%, while Square's gross profit rose 15% to $922.6 million.Operating income reached $306.6 million compared to a loss of $132.1 million last year, reflecting improved operational efficiency. The company maintained strong liquidity with $10.3 billion available, including $9.5 billion in cash and investments. During the quarter, Block issued $2.0 billion in senior notes due 2032 and repurchased $389.5 million of Class A common stock under its share repurchase program.Block continued to focus on disciplined growth and cost efficiencies, maintaining its employee cap of 12,000 while realizing benefits from previous restructuring initiatives. The company's subscription and services-based revenue grew 22% to $1.8 billion, with particular strength in Cash App's financial services products and Square banking solutions. Transaction-based revenue increased 5% to $1.7 billion on GPV growth of 5%.
Block报告了2024年第二季度的强劲业绩,总营业收入同比增长11%,达到62亿美元,归属于普通股股东的净利润为19530万美元,而2023年第二季度则出现了10200万美元的净亏损。毛利润增长20%,达到22亿美元,得益于其生态系统的强劲表现。Cash App产生了13亿美元的毛利润,同比增长23%,而Square的毛利润则增长15%,达到92260万美元。经营收入达到30660万美元,相比于去年的13210万美元的亏损,反映出运营效率的改善。公司维持了强劲的流动性,手头有103亿美元可用资金,其中包括95亿美元的现金和投资。在本季度,Block发行了20亿美元的2032年到期高级票据,并...展开全部
Block报告了2024年第二季度的强劲业绩,总营业收入同比增长11%,达到62亿美元,归属于普通股股东的净利润为19530万美元,而2023年第二季度则出现了10200万美元的净亏损。毛利润增长20%,达到22亿美元,得益于其生态系统的强劲表现。Cash App产生了13亿美元的毛利润,同比增长23%,而Square的毛利润则增长15%,达到92260万美元。经营收入达到30660万美元,相比于去年的13210万美元的亏损,反映出运营效率的改善。公司维持了强劲的流动性,手头有103亿美元可用资金,其中包括95亿美元的现金和投资。在本季度,Block发行了20亿美元的2032年到期高级票据,并在其股票回购计划下回购了38950万美元的A级普通股。Block继续专注于自律增长和成本效率,保持员工总数为12000人,同时实现了以往重组措施带来的收益。公司的订阅和基于服务的营业收入增长22%,达到18亿美元,尤其在Cash App的金融服务产品和Square银行解决方案方面表现强劲。基于交易的营业收入增长5%,达到17亿美元,GPV增长5%。
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