Block Bets on lending, AI to rebound after Q1 profit slump

Despite a steep decline in net income during the first quarter, Block anticipates the second half of 2025 to generate gains, driven by product expansion. Block reported $190 million in net income in Q1, a 90.2% decrease from the previous quarter and a 50.7% drop from Q1 2024, which founder and Chief Executive Jack Dorsey […]