Key Points
NEW YORK, Aug 3 (Reuters) - Block Inc (SQ.N) reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech giant led by Jack Dorsey held up against a tough economic backdrop...
The company reported net revenue of $5.53 billion in the three months ended June, compared with $4.4 billion a year ago...
Cash App, the companys mainstay online payments service, increased gross profit by 37% to $968 million, while its Square business reported gross profit of $888 million, up 18% from last year...
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