Technology
Block reports Q2 revenue down 6.6% YoY to $4.4B, $2.62B net revenue excluding bitcoin, and Cash App bitcoin revenue down 34% YoY to $1.79B; stock is down 5%+ (Nelson Wang/CoinDesk)
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Nelson Wang / CoinDesk:
Block reports Q2 revenue down 6.6% YoY to $4.4B, $2.62B net revenue excluding bitcoin, and Cash App bitcoin revenue down 34% YoY to $1.79B; stock is down 5%+ — Despite beating projections, the payments company said its overall revenue fell because of a decrease in bitcoin revenue.
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