Block delivered a decent financial result despite being hammered like the broader markets. Its ecosystems generated a $1.3 billion gross profit in the first quarter, up 34% year on year. The company has decided to split 50% of Afterpay revenue and gross profit between Square and Cash App. The company is integrating Afterpay into both of its ecosystems and expects it to benefit its growth. They account for Afterpay revenue and gross profit in their subscription and services-based revenue line, ra ....
