$SQ (Block Inc) Revenue Growth -0.73%, Total Operating Expenses +55%, Stock-based Compensation +64%, Negative Adjusted OI Outlook 🤷♂️computerblue754 t1_j9ud2d3 wrote
Reply to comment by Jerund in $SQ (Block Inc) Revenue Growth -0.73%, Total Operating Expenses +55%, Stock-based Compensation +64%, Negative Adjusted OI Outlook 🤷♂️ by FI_investor
Are we looking at the same income statement in op’s post? There is no income aside from the transaction fee for handling the trade.
Jerund t1_j9ue032 wrote
What I said earlier was from another source that I read months ago. But speaking back to the income statement posted. You see bitcoin revenue dropped from 10B in 2021 to 7B in 2022. Yes cost for bitcoin also decreased, but for overall growth of revenue, you see it stayed the same for 2021 to 2022. Assuming btc trading didn’t decrease, their revenue for 2022 would be an extra of almost 3 billion dollars.
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