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Top related persons:
Amrita Ahuja - 6 Block - 2 Jim Cramer - 2 Amrita - 2 Jack Dorsey - 1 Afterpay - 1 Dorsey - 1 Bitcoin - 1
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Twitter - 1 CNBC - 1 Cash - 1

Search resuls for: "Amrita Ahuja"


14 mentions found


☆ Block shares jump on better-than-expected first-quarter results
  + stars: | 2024-05-02 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +3 min
Earnings per share: 85 cents adjusted vs. 72 cents adjusted that was expected85 cents adjusted vs. 72 cents adjusted that was expected Revenue: $5.97 billion vs. $5.82 billion expectedBlock posted $2.09 billion in gross profit, up 22% from a year ago. Analysts tend to focus on gross profit as a more accurate measurement of the company's core transactional businesses. The Cash App business, which is the company's popular mobile payment platform, reported $1.26 billion in gross profit, a 25% year-over-year jump. Bitcoin, said bitcoin will ultimately help Block "serve more people around the world faster." He added that going forward, Block will be investing 10% of its gross profit from bitcoin products into purchases of bitcoin for investment.
Persons: Block, Jack Dorsey, Afterpay, Dorsey, Amrita Ahuja, Bitcoin, bitcoin Organizations: Twitter, CNBC
☆ Block CFO Amrita Ahuja sits down with Jim Cramer
  + stars: | 2024-03-22 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO Amrita Ahuja sits down with Jim CramerBlock CFO and COO Amrita Ahuja joins 'Mad Money' host Jim Cramer to talk Cash App, fractional shares, its plan to boost growth and more.
Persons: Amrita Ahuja, Jim Cramer
☆ 1 in 4 Cash App users are daily users, says Block CFO Amrita Ahuja
  + stars: | 2024-03-22 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email1 in 4 Cash App users are daily users, says Block CFO Amrita AhujaBlock CFO and COO Amrita Ahuja joins 'Mad Money' host Jim Cramer to talk Cash App, fractional shares, its plan to boost growth and more.
Persons: Amrita, Amrita Ahuja, Jim Cramer
☆ Block CFO says Cash App products are popular with Gen Z and younger consumers
  + stars: | 2024-03-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Block CFO Amrita Ahuja on Friday told CNBC's Jim Cramer that the company's Cash App payment services are doing well with the younger generation of consumers. The Cash App card, a free Visa debit card, is especially popular with young people, Ahuja said. She explained how Cash App is able to reach the younger generation, citing a families program that allows adults to sponsor accounts for teenagers. Cash App, which brought in a large chunk of the company's revenue last quarter, has a variety of payment offerings and also lets users buy stocks and bitcoin. Ahuja discussed integrating Afterpay services within Cash App, saying it's "an incredible opportunity to bring commerce into Cash App."
Persons: Amrita Ahuja, CNBC's Jim Cramer, Ahuja, Block, Jim Organizations: Cash
☆ Watch CNBC's full interview with Block CFO Amrita Ahuja
  + stars: | 2024-02-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Block CFO Amrita AhujaAmrita Ahuja, Block CFO, joins 'Money Movers' to discuss the drivers behind Block's positive guidance, if the guidance is due to better monetization or efficiency steps, and much more.
Persons: Amrita Ahuja Amrita Ahuja
☆ Block CFO Amrita Ahuja on Q4 earnings: Our focus now is on growth and product velocity
  + stars: | 2024-02-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO Amrita Ahuja on Q4 earnings: Our focus now is on growth and product velocityAmrita Ahuja, Block CFO, joins 'Money Movers' to discuss the drivers behind Block's positive guidance, if the guidance is due to better monetization or efficiency steps, and much more.
Persons: Amrita Ahuja, Amrita
☆ Block CFO on blowout Q3 as top and bottom lines beat estimates
  + stars: | 2023-11-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO on blowout Q3 as top and bottom lines beat estimatesAmrita Ahuja, Block CFO, joins 'Squawk on the Street' to discuss what's allowed Block to guide as they have, how artificial intelligence is being used as a tool for Block, and why the stock has fallen so much in the last three years.
Persons: Amrita Ahuja
☆ Block's Amrita Ahuja on Cash App growth and profits drive
  + stars: | 2023-05-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock's Amrita Ahuja on Cash App growth and profits driveAmrita Ahuja, Block chief financial officer, joins 'Squawk on the Street' to discuss the company's earnings beat due to a Cash App profit drive.
☆ Hindenburg takes aim at Dorsey's payments firm Block, shares plunge
  + stars: | 2023-03-23 | by ( Manya Saini | ) www.reuters.com   time to read: +5 min
Block shares fell as much as 22% before paring losses and were last down 14% at $62.61 in afternoon trading. After reviewing the full report, Block said it was "designed to deceive and confuse investors". Hindenburg said that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. The app had 51 million monthly transacting actives, a 16% year-over-year increase during December 2022, Block said in fourth-quarter earnings letter. "What I am really concerned about is the Cash App, accusations of fraud, multiple accounts, opening accounts and fake names.
☆ Hindenburg shorts Jack Dorsey's payments firm Block, shares plunge
  + stars: | 2023-03-23 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of Cash App is seen at the main hall during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco BelloMarch 23 (Reuters) - Hindenburg Research on Thursday disclosed short positions in Block Inc (SQ.N) and alleged that the Jack Dorsey-led payments firm overstated its user numbers and understated its customer acquisition costs. Shares of Block slid 20% to $57.85 in premarket trading following the report. Hindenburg added that Block "obfuscates" how many individuals are on the Cash App platform by reporting misleading "transacting active" metrics filled with fake and duplicate accounts. Founded in 2017 by Nathan Anderson, Hindenburg is a forensic financial research firm that analyses equity, credit and derivatives.
☆ Block sharpens focus on Cash App in 2023
  + stars: | 2023-02-27 | by ( ) www.businessinsider.com   time to read: +2 min
The 15% year-over-year (YoY) increase is down from 45% the same period a year ago . How we got here: Three factors contributed to Block’s Q4 performance. With these expansions, gross profit outside of the US accounted for 17% of Square’s total profit in Q4, compared with just 9% in Q4 2021. Unlike other big-name fintechs, Block didn’t announce layoffs in recent months, which may point to the strength of its business model and its performance outlook. It anticipates this segment’s expenses to grow between 5% and 10% this year, driven by Cash App.
☆ Block CFO weighs in on the company's mixed earnings report
  + stars: | 2023-02-27 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlock CFO weighs in on the company's mixed earnings reportAmrita Ahuja, Block CFO and COO, joins 'Squawk Box' to discuss the company's recent performance, the current pressure on financial technology, and more.
☆ Inside how Cash App is redefining company merch with an in-house fashion line that includes $300 ponchos and handmade crochet cardigans
  + stars: | 2022-09-21 | by ( Asia Martin | Carter Johnson | ) www.businessinsider.com   time to read: +7 min
Cash App launched a new clothing brand, Cash by Cash App, during the pandemic. In a bid to stand out in a crowded payments market, Cash App launched a fashion brand, Cash by Cash App, in 2020.he line initially offered athleisure styling amid the pandemic. Then, last November, Cash App worked with rapper Megan Thee Stallion on an outside, limited-edition collection that Liang Shi, head of Cash by Cash App said sold out of the few hundred units created. Three women model Cash App robes and Fenty Beauty leisure wear at Afterpay, Cash App & Tidal's Front Row To NYFW Party on September 13, 2022, in New York City. Cash App's Ferdon said that Cash by Cash App "is pretty well integrated" into the company's broader payments "ecosystem."
☆ Block CFO Amrita Ahuja breaks down the company's long-term growth strategy and how it positions itself for success
  + stars: | 2021-12-14 | by ( Lily Katzman | ) www.businessinsider.com   time to read: +6 min
Its CFO, Amrita Ahuja, told Insider about how cryptocurrency is influencing its financial growth. Block is a global technology company focused on financial services that includes the digital payments company called Square. This is positive news for Block Chief Financial Officer Amrita Ahuja. Ahuja said this financial statement put Block in a position for long-term success. This is in addition to the development of Block hardware wallet, a product that Block says will normalize bitcoin storage.
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