Block's Q1 Earnings Report Reveals Strong Growth and Cash App Success (NYSE:SQ)
Square's Q1 earnings beat expectations, but the company deferred some operating expenses to later in the year. The company also expects average spend per active to slow within Cash App, but sees strong growth in inflows per active. The adoption of products on the Cash App Card is leading to greater activity and stronger engagement. Despite targeting a younger audience, Square expects to see strong growth in inflows per active.