Block Reports Increased Revenue and Profits for the Quarter, Despite Significant Staff Reductions

On the 5th, Block, the American fintech company led by Jack Dorsey, announced its financial results for the April to June 2026 period. While analysts praised the robust results, they also pointed out an increase in operating expenses. The gross revenue reached $3.17 billion, a 25% increase from the same period last year, amounting to approximately 502 billion yen. The adjusted operating income hit a record high at $864 million, approximately 137 billion yen, and the adjusted diluted EPS was...