Block delivered a decent set of results with an all-around beat and good profitability during the last quarter. Its BNPL platform produced $150 million in gross profit in the third quarter, distributed between Square and Cash App. Inflows per active user have been improving in the third quarter compared to the first and second quarters and stable year over year. Block’s Cash App Card and Direct Deposit have also shown sustained product uptake, and their inflow channels have been expanded. Beside ....
