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Block beats Q3 earnings and revenue estimates, raises full-year guidance

By Vivian Nguyen

Block's strong Q3 results and raised guidance signal sustained growth potential, despite challenges in its Bitcoin segment. The post Block beats Q3 earnings and revenue estimates, raises full-year guidance appeared first on Crypto Briefing.

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Quarterly results

A public company's report of its revenue, profit and outlook for a three-month period.

Results show how a business is really doing and often move its share price sharply.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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