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Block beats revenue forecast, raises 2026 outlook
Block raises its 2026 gross profit forecast after reporting Q1 revenue of $6.1B, up 5% year-on-year, following job cuts tied to AI restructuring.
Isabelle Lee / Bloomberg: Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross profit forecast above estimates; XYZ jumps 7%+ after hours — Block Inc.
offered a sunnier outlook for profits and growth on Thursday after orchestrating a severe round of job cuts related to artificial intelligence …
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