Block is growing on the back of the Square and Cash App ecosystem, creating a potential fintech giant in the process.
Block (SQ -1.57%) reported earnings after the market closed on Nov. 3, 2022 and results were impressive across the board. Cash App's profits grew over 50% and more large merchants are using the platform. In the video below, Travis Hoium and Jon Quast give their instant reactions to the results and discuss where this company may go in the future.
*Stock prices used were end-of-day prices of Nov. 3, 2022. The video was published on Nov. 3, 2022.
Jon Quast has positions in Block, Inc. and PayPal Holdings. Travis Hoium has positions in Block, Inc., Coinbase Global, Inc., and PayPal Holdings. The Motley Fool has positions in and recommends Block, Inc., Coinbase Global, Inc., PayPal Holdings, and Visa. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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