Block's New Financial Outlook: Aims for 40% Revenue Growth

Block, formerly Square, unveils three-year financial outlook, aiming to double gross profit and triple earnings. Despite Wall Street skepticism, Block plans to grow lending products to $4 billion by 2028, with gross profit reaching nearly $12 billion by 2026. The company introduces a new cash flow measurement and expands share repurchase program by $5 billion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.