Financial Performance - Block reported first-quarter 2025 adjusted earnings of 56 cents per share, missing the Zacks Consensus Estimate by 36.36%, but showing a year-over-year increase of 19.1% [1] - Net revenues were $5.77 billion, missing the consensus mark by 6.65%, and decreased 3.1% year over year [1] Revenue Breakdown - Transaction revenues, accounting for 26.9% of net revenues, were $1.55 billion, up 2.6% year over year, with the Square ecosystem contributing $1.48 billion (up 5.9% year over year) and Cash App contributing $66.2 million (down 39.4% year over year) [2] - Subscription and Services revenues, making up 32.8% of net revenues, were $1.89 billion, up 12.4% year over year [3] - Hardware revenues fell 11.7% year over year to $28.7 million, while Bitcoin revenues declined 15.7% year over year to $2.30 billion [3] Gross Payment Volume (GPV) - Gross Payment Volume (GPV) was $56.8 billion, up 4.4% year over year, with Square's GPV at $54.1 billion (up 7.2% year over year) [3] - Cash App's GPV was $2.7 billion, down 32% year over year [4] Operating Details - Gross profit grew 9.3% year over year to $2.29 billion, with Square generating $897.9 million (up 9.5% year over year) and Cash App generating $1.38 billion (up 9.6% year over year) [5] - Adjusted EBITDA was $812.8 million, up 15.3% year over year [5] - Operating expenses were $1.84 billion, up 5.1% year over year, with adjusted operating income at $466.3 million and an operating margin of 8.1%, expanding 200 basis points year over year [6] Balance Sheet - As of March 31, 2024, cash and cash equivalents were $7.09 billion, down from $8.1 billion as of December 31, 2024 [7] - Long-term debt remained unchanged at $5.1 billion [7] - In Q1 2025, Block repurchased 6.8 million shares for $445 million, with $4 billion remaining under the current authorization [7] Guidance - For Q2 2025, Block expects gross profit of $2.45 billion, indicating year-over-year growth of 9.5%, and adjusted operating income of $450 million with an operating margin of 18% [8] - The Zacks Consensus Estimate for Q2 2025 revenues is $6.59 billion, suggesting 7.07% growth year over year, with earnings expected at $1 per share, indicating 7.53% year-over-year growth [9] - For 2025, Block anticipates gross profit of $9.96 billion, indicating growth of 12% from 2024, with unfavorable forex expected to impact gross profit by 50 basis points [9][10]

One way to navigate current market volatility is to buy shares of promising companies on dips. Investing while stocks are down can lead to significant long-term returns since every bear market will eventually give way to a bull run that will be even longer, according to the historical record. But which stocks should investors buy in this environment?Let's consider two favorites of Cathie Wood, the founder and CEO of Ark Invest: Block (XYZ 1.01%) and Roku (ROKU 1.69%). The latter is the fifth-largest holding ...