Binance Pulse | BNB Price Trends
Binance Pulse | BNB Price Trends
Okay, so Block (formerly Square, still confusing) just dropped their Q3 2025 numbers, and surprise, surprise, they whiffed it. Stock's down 13%. You know, I'm starting to think Jack Dorsey spends more time thinking about Bitcoin than actually running a company.
EPS at $0.54 versus the expected $0.64? Revenue of $6.11 billion when Wall Street was looking for $6.31 billion? That ain't good.
The excuse? "Increased expenses." Oh, really? Give me a break. Every company that misses earnings trots out the same tired line. It's like blaming the dog for eating your homework. What expenses exactly? Are we talking about more kombucha on tap in the office? Another pointless "innovation" retreat in Bali? Details are conveniently missing, offcourse.
They're trying to distract us with the "good" news. Gross payment volume beat estimates! Gross profit exceeded forecasts! Okay, great. But those are just vanity metrics if you can't turn them into actual profit.
And of course, they're leaning hard into the Cash App narrative. "Cash App generated a profit of $1.62 billion, up 24% year-over-year!" Fine, the Cash App is doing well. But is that really enough to justify the company's sky-high valuation and Dorsey's obsession with crypto schemes and whatever the hell "Proto" is supposed to be? I mean, seriously, "a suite of bitcoin mining products and services?" Sounds like a solution in search of a problem.
Here's a thought: maybe, just maybe, Block should focus on, I don't know, running a profitable business instead of chasing every shiny new tech trend that pops up. Remember when they bought Afterpay? Seemed like a good idea at the time, but is it really moving the needle? Or is it just another way to rack up expenses?
And then there's the analyst ratings. "Moderate Buy," with an average price target implying 26.25% upside. Are these guys even looking at the same numbers I am? Or are they just blindly regurgitating whatever the company's PR department feeds them? According to XYZ Earnings: Block Stock Falls 13% as Financial Results Miss on Top and Bottom Lines, the stock fell 13% after the financial results were released.
25 "Buy" recommendations, four "Hold," and three "Sell." That's... optimistic, to say the least. Maybe I'm missing something here. Maybe these analysts have access to some secret information that justifies their rosy outlook. Or maybe they're just afraid of getting on Dorsey's bad side. Then again, maybe I'm the crazy one here.
Management is projecting a gross profit of $2.755 billion for Q4, ahead of the $2.74 billion analysts anticipate. A whole $15 million difference! That's like finding a twenty in your old coat, not exactly a reason to throw a party. And a full-year operating margin of 20%? We'll see about that. I'll believe it when I see it.
It's the same old song and dance. Block misses earnings, blames "expenses," and tries to distract everyone with vague promises of future growth. Dorsey's off building his Bitcoin utopia, and the shareholders are left holding the bag. At this point, I'm not even sure what Block is anymore. Is it a payments company? A crypto company? A lifestyle brand? It feels like it's trying to be everything to everyone, and as a result, it's failing at everything.