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Dorsey-led Block reports rise in second-quarter revenue

2023-08-04 04:23
NEW YORK Block Inc reported a rise in second-quarter revenue on Thursday as payment volumes at the fintech
Dorsey-led Block reports rise in second-quarter revenue

NEW YORK Block Inc 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.

(Reporting by Nupur Anand in New York; editing by Jonathan Oatis)