BLOCK-Block Q1 Earnings Lag Estimates, Revenues Down Y/Y, Shares Drop

Block (XYZ) reported first-quarter 2025 adjusted earnings of 56 cents per share, which missed the Zacks Consensus Estimate by 36.36%. The figure increased 19.1% year over year. Net revenues of $5.77 billion missed the consensus mark by 6.65%. The top line decreased 3.1% year over year. XYZ saw a change in consumer spending that negatively impacted top-line growth.XYZ shares dropped 21.29% in pre-market trading.XYZ’s Top-Line DetailsTransaction (26.9% of net revenues) revenues were$ 1.55 billion, up 2.6% yea ...