The company said gross profit for Q4 2023 was $2.03 billion, up 22% year over year. Square gross profit was $828 million, up 18%, and Cash App gross profit was $1.18 billion, up 25%.

1. 01

   The company said gross profit for Q4 2023 was $2.03 billion, up 22% year over year. Square gross profit was $828 million, up 18%, and Cash App gross profit was $1.18 billion, up 25%.

2. 02

   Block said it posted an operating loss of $131 million for Q4 2023, Adjusted Operating Income of $185 million, net income attributable to common stockholders of $178 million, and Adjusted EBITDA of $562 million.

3. 03

   The company said its operating expenses for Q4 2023 included a goodwill impairment charge related to TIDAL of $132 million, severance and other related expenses of $70 million, and lease impairment restructuring expenses of $34 million. It also said other income, net included a remeasurement gain on its bitcoin investment of $207 million.

4. 04

   Block said gross profit for 2023 rose 25% year over year to $7.50 billion. It also said operating loss was $279 million and Adjusted Operating Income was $351 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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