Group 1 - Lucid's stock fell by 2.6% due to Q3 performance falling short of expectations [1] - Block, a major player in mobile payments, saw a 12.5% drop in stock as Q3 revenue and earnings per share missed forecasts [1] - Opendoor's stock declined by 18.8% with quarterly sales dropping over 30% [1] Group 2 - Airbnb's stock increased by 4.9% after Q3 revenue exceeded expectations, and the company raised its Q4 revenue forecast [1] - Sandisk's stock rose by 2.5% as quarterly revenue and gross margin surpassed expectations, with a supply-demand imbalance expected to last until the end of 2026 [1]

Group 1 - Take-Two Interactive's shares are falling due to the delay of Grand Theft Auto 6, which was initially scheduled for release this fall and has faced multiple delays [1] - Airbnb's shares are rising after reporting mixed third-quarter results and providing upbeat revenue guidance [1] - Affirm's shares are jumping after the company beat earnings and revenue expectations [1] Group 2 - The CEO of Affirm, Max Levchin, will be interviewed on Squawk on the Street, indicating significant interest in the company's performance [2] - Block, a fellow fintech company, is experiencing a decline in shares after missing both earnings and revenue expectations for the fourth consecutive quarter [2] Group 3 - Ford is reportedly considering discontinuing the electric version of its F-150 pickup truck, with expectations of declining EV sales following the expiration of government tax credits [3]

Welcome back to Squawkbox. Five things to know ahead of the opening. Bell shares of video game maker Take 2 Interactive falling after the company said its upcoming Grand Theft Auto 6 would be delayed again.It was initially scheduled for release this fall, but has now faced multiple delays. Meanwhile, Airbnb shares rising after the company reported mixed third quarter results and upbeat revenue guidance. and shares of fintech firm a firm jumping after the company beat earnings and revenue expectations.We're ...

Shares of fintech Block fell 14.5% in premarket trading on Friday, as investors balked at profit growth lagging volume increase at its payments unit, Square. ...

🔥 LATEST: Jack Dorsey’s Block, Inc. reported Q3 revenue below expectations, and its shares dropped about 12% after the announcement. https://t.co/WRFUVp5xP1 ...

Block Inc. (NYSE:SQ) CEO Jack Dorsey said Thursday that the company has high expectations for the upcoming launch of Bitcoin (CRYPTO: BTC) payments on its Square point-of-sale system.Dorsey Says Company ‘Excited’ About The ProspectDuring Block’s third-quarter earnings call, Dorsey said the firm is “really excited” about the rollout next week.“It's going to be available to everyone, and they just have to make a simple switch in their settings, and they'll be able to start accepting Bitcoin,” he added. “We ha ...

Core Insights - Block is focusing on artificial intelligence (AI) to enhance fraud detection, customer insights, and connectivity across its platforms, including Cash App and Square [1][11] - Square's gross payment volume (GPV) increased by 12% year-over-year (YoY), with nearly half of this volume coming from mid-market businesses, indicating a successful upmarket strategy [1][7] - The company reported a revenue of $6.11 billion for Q3 2025, which fell short of analyst expectations, leading to a 13% drop in share price after hours [5] Financial Performance - Block achieved an 18% YoY growth in gross profit, up from 14% in the previous quarter, demonstrating strong performance in both Cash App and Square segments [4] - Square's GPV from mid-market sellers, those generating over $500,000 in annualized GPV, now constitutes 45% of total GPV, up from 41% two years ago, reflecting a strategic shift towards larger businesses [7][8] - Despite a slight slowdown in Square's gross profit growth to 9% YoY, the overall GPV growth indicates a compelling strategic narrative [6] Market Positioning - Block is transitioning from a small merchant enabler to a robust business operating platform that integrates commerce, customer relationships, and financial services [8][10] - The company is leveraging AI for automated fraud detection and customer insights, positioning itself as a leader in FinTech innovation [11] - The focus is on creating integrated ecosystems where different business arms support each other, enhancing customer and merchant interactions [9][10] Strategic Direction - Block's approach emphasizes building infrastructure rather than chasing speculative trading volumes, particularly in the context of Cash App's growth narrative [12] - The company is not only responding to the demand from larger businesses but is actively shaping that demand through its offerings [11]

Jack Dorsey’s Block sees nearly $2 billion in bitcoin revenue in Q3, nearly 1/3 of its total revenues https://t.co/SYXbArcJjk ...

Core Insights - Block reported revenue of $6.11 billion for the quarter ended September 2025, reflecting a 2.3% increase year-over-year, but fell short of the Zacks Consensus Estimate by 3.58% [1] - Earnings per share (EPS) was $0.54, down from $0.88 in the same quarter last year, representing a surprise of -14.29% against the consensus estimate of $0.63 [1] Financial Performance Metrics - Gross Payment Volume (GPV) reached $69.28 billion, exceeding the average estimate of $68.62 billion [4] - GPV for Square was $67.15 billion, surpassing the average estimate of $66.51 billion [4] - GPV for Cash App was $2.13 billion, slightly below the estimated $2.16 billion [4] - Cash App Monthly Transacting Actives totaled 58 million, exceeding the estimate of 57.59 million [4] - Bitcoin revenue was reported at $1.97 billion, significantly lower than the average estimate of $2.32 billion, marking a 19% year-over-year decline [4] - Subscription and services-based revenue was $2.2 billion, slightly above the estimate of $2.17 billion, reflecting a 22.6% year-over-year increase [4] - Hardware revenue reached $70.19 million, well above the average estimate of $37.02 million, indicating a 90.5% year-over-year growth [4] - Transaction-based revenue was $1.87 billion, matching the average estimate and showing a 9.4% increase year-over-year [4] - Total revenue for Square was $2.24 billion, slightly above the estimate of $2.22 billion, with a year-over-year change of 12% [4] - Total revenue for Cash App was $3.8 billion, below the estimate of $4.06 billion, reflecting a 3.3% year-over-year decline [4] - Square hardware revenue was $40.65 million, exceeding the estimate of $37.3 million, with a year-over-year change of 10.7% [4] - Square subscription and services-based revenue was $382.18 million, above the estimate of $369.25 million, indicating an 18.5% year-over-year increase [4] Stock Performance - Block's shares have returned -9.2% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Block (XYZ) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this mobile payments services provider would post earnings of $0.6 per share when it actually produced earnings of $0.62, delivering a surprise of +3.33%.Over the last four quarter ...