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William Blair’s Jeffrey Reiterates “Buy” Rating on Block (XYZ) Following Q3 2025 Results
Yahoo Finance· 2025-11-22 03:18
Core Insights - Block, Inc. (NYSE:XYZ) is recognized as a strong investment opportunity in the crypto-related stock sector, particularly following its positive Q3 2025 performance [1] Financial Performance - In Q3 2025, Block, Inc. reported total revenue of $6.11 billion, reflecting a 2.3% increase from $5.98 billion in Q3 2024 [4] - The company's Bitcoin revenue, however, saw a decline of 19.03%, dropping from $2.43 billion in Q3 2024 to $1.97 billion in Q3 2025, which constrained overall revenue growth [4] - Adjusted diluted net income per share increased slightly to $0.54 from $0.53 in Q3 2024 [4] Segment Performance - The growth in total revenue was primarily driven by strong performance in the Cash App and Square segments, showcasing significant volume growth [3] - Despite the decline in Bitcoin revenue, all other revenue segments experienced positive changes during the quarter [4] Analyst Outlook - Analyst Andrew Jeffrey from William Blair reiterated a "Buy" rating on Block, Inc., citing strong segment performance and positive fourth-quarter guidance, indicating expectations for continued growth [2] - The company is expected to maintain operational efficiency, with stable adjusted EBITDA margins despite incremental investments [3]