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Top related persons:
Jack Dorsey - 2 Block - 2 Nick Molnar - 2 Dorsey - 1 Cash - 1 Brian Grassadonia - 1 Cash App's - 1 Afterpay cofounders - 1
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LSEG - 1 Twitter - 1 Block - 1 Business - 1 Cash - 1 Dick's Sporting Goods - 1 PayPal - 1 Klarna - 1

Search resuls for: "Nick Molnar"


2 mentions found


☆ Block reports better-than-expected earnings for second quarter
  + stars: | 2024-08-01 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +1 min
Block beat on profit in its second-quarter earnings report on Thursday. Earnings per share: 93 cents adjusted vs. 84 cents expected93 cents adjusted vs. 84 cents expected Revenue: $6.16 billion vs. $6.28 billion expectedBlock, formerly known as Square, posted $2.23 billion in gross profit, up 20% 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, the company's popular mobile payment platform and a significant contributor to overall profitability, reported $1.3 billion in gross profit, a 23% year-over-year jump. The company raised its full-year guidance for gross profit, adjusted earnings and adjusted operating income.
Persons: Jack Dorsey, Block, Dorsey, Nick Molnar Organizations: LSEG, Twitter
☆ Jack Dorsey's Cash App wants to become a super app — and is aggressively integrating buy now, pay later service Afterpay into its ecosystem to get there
  + stars: | 2022-05-18 | by ( Ann Gehan | ) www.businessinsider.com   time to read: +6 min
"Afterpay can help transform Cash App into a super app," Molnar said. Block estimates only around 6% of current Cash App users are also Afterpay users, meaning over 75 million Cash App users are potential new Afterpay customers. Other significant developments include the addition of an Afterpay shopping and browsing feature to Cash App and the integration of Afterpay account management capabilities into Cash App. The Cash App and Afterpay integrations will extend to e-commerce checkout, where Afterpay sellers will now be able to accept Cash App Pay as a form of payment. A slide from Block's 2022 investor day presentation lays out a plan for integrating Cash App, Afterpay, and Square.
Persons: Cash, Brian Grassadonia, Cash App's, Afterpay cofounders, Nick Molnar, Anthony Eisen, Alyssa Henry, Jack Dorsey, Molnar, Afterpay, Block's, Grassadonia, there's, Eisen, Block, PYMNTS, Omar Ismail, Goldman Sachs, David Stark Organizations: Block, Business, Cash, Dick's Sporting Goods, PayPal, Klarna, Walmart
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