Block, formerly known as Square, បានប្រកាស on Thursday that its Cash App generated $1.73 billion in bitcoin purchases in the first quarter of 2022.
Block Releases Q1 2022 Report
On Thursday, Block Inc, the fintech company led by Twitter founder Jack Dorsey, missed market expectations for first-quarter profit as demand for bitcoin slowed owing to a drop in cryptocurrency prices.
នេះបើយោងតាម លិខិតម្ចាស់ភាគហ៊ុន posted after the market closed, these sales produced $43 million in bitcoin gross profit during that time.
"កម្មវិធី Cash App បង្កើតបាន $1.73 ពាន់លានដុល្លារនៃប្រាក់ចំណូល bitcoin និង $43 លានដុល្លារនៃប្រាក់ចំណេញដុល bitcoin ក្នុងត្រីមាសទី 2022 ឆ្នាំ 51 ធ្លាក់ចុះ 42% និង 138% ពីមួយឆ្នាំទៅមួយឆ្នាំរៀងៗខ្លួន។ ផ្អែកលើមូលដ្ឋាន CAGR រយៈពេលពីរឆ្នាំ ប្រាក់ចំណូល bitcoin និងប្រាក់ចំណេញដុលបានកើនឡើង 155% និង XNUMX% រៀងគ្នា" Block បាននិយាយនៅក្នុងលិខិតរបស់ម្ចាស់ភាគហ៊ុនរបស់ខ្លួនដោយបន្ថែមថា:
"ការថយចុះពីមួយឆ្នាំទៅមួយឆ្នាំនៃប្រាក់ចំណូល bitcoin និងប្រាក់ចំណេញដុលត្រូវបានជំរុញជាចម្បងដោយស្ថិរភាពដែលទាក់ទងនៃតម្លៃ bitcoin ក្នុងត្រីមាសដែលប៉ះពាល់ដល់តម្រូវការអ្នកប្រើប្រាស់និងសកម្មភាពជួញដូរបើប្រៀបធៀបទៅនឹងរយៈពេលឆ្នាំមុន។ ប្រាក់ចំណូល Bitcoin និងប្រាក់ចំណេញដុលគឺមានភាពស៊ីសង្វាក់គ្នាបើប្រៀបធៀបទៅនឹងត្រីមាសទី 2021 នៃឆ្នាំ XNUMX ។ នៅក្នុងត្រីមាសនាពេលអនាគត ប្រាក់ចំណូល bitcoin និងប្រាក់ចំណេញដុលអាចប្រែប្រួលដោយសារតែការផ្លាស់ប្តូរតម្រូវការអតិថិជន ឬតម្លៃទីផ្សារនៃ bitcoin ។
In the three months ended March 31, Block’s sales dropped 22% to $3.96 billion. According to IBES statistics from Refinitiv, the company generated an adjusted profit of 18 cents per share, falling short of analysts’ expectations of 21 cents.
BTC/USD ធ្លាក់ចុះទៅ $36k ។ ប្រភព៖ ទិដ្ឋភាពពាណិជ្ជកម្ម
The firm reported a first-quarter net loss of $204 million, or 38 cents per share, compared to a year-ago quarter net income of $39.0 million, or 8 cents per share.
However, the company’s Cash App, which allows individuals to transmit payments in bitcoin, saw a 26% increase in gross earnings.
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Post-Pandemic Spending Contributed To Surge
Consumers spent extensively on vacation and dining out after two years of the pandemic, despite inflationary pressures, underpinning the company’s solid profitability.
According to Block, more than 10 million Cash App accounts had purchased bitcoin since the program was launched as of the end of the quarter.
In after-hours trading on Thursday, Block’s stock increased roughly 4% to $99.50. On Thursday, shares tumbled more than 10% ahead of the company’s results report, while the Nasdaq sank 5%.
Block's Filings. source: The Block
Cash App made $46 million in gross earnings from bitcoin sales in the fourth quarter of 2021, bringing in $1.96 billion in revenue. When broken down annually, the firm’s bitcoin sales in 2021 were just over $10 billion, totaling $218 million in gross profit.
At 5 p.m. ET, Block will have an investor call to discuss the results.
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Featured image from getty images, chart from TradingView.com
Source: https://bitcoinist.com/block-report-cash-app-bitcoin-sales-comes/