BLOCK(SQ) - 2024 Q3 - Quarterly Results

Exhibit 99.1 2024 Shareholder Letter investors.blo November 7, 2024 To Our Shareholders We're about to transform 24 million Cash App Cards into a better alternative to credit cards when we launch Afterpay on Cash App Card. We wanted to dedicate this letter to explaining our lending products (Square Loans, Afterpay Buy Now Pay Later, and Cash App Borrow), our methodology, how we handle risks, and our competitive advantage. In 2013, we began offering capital to sellers because we saw a meaningful gap in the m ...