Block Inc announced its 4QFY22 results

Block Inc (ASX: SQ2) announced its financial results for the fourth quarter ended 31 December 2022 (4QFY22):

• In the 4QFY22, total net revenue was AU$4.65 billion, an increase of 14% over the previous corresponding period.
• In the fourth quarter of 2022, the gross profit increased by 40% yearly to AU$1.66 billion. Gross profit for the whole 2022 fiscal year was AU$5.99 billion, up 36% from the last year.
• Operational costs increased by 45% year over year to AU$1.80 billion in the fourth quarter of 2022, while non-GAAP operating costs increased by 39% to AU$1.40 billion.
• Compared to the 4QFY21, it has reported its Adjusted EBITDA of AU$281 million in 4QFY22.
• With AU$6.9 billion in cash, cash equivalents, restricted cash, and investments in marketable debt instruments, the company has AU$7.5 billion in available liquidity.

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