BLOCK BEATS Q1 ESTIMATES, RAISES 2026 PROFIT OUTLOOK
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Block Inc. reported first-quarter revenue of $6.1 billion, exceeding analyst expectations of $5.9 billion and marking 5% year-over-year growth. The company also raised its 2026 gross profit forecast above consensus estimates.
■ MORE FROM THE BUSINESS DESK
Overseas fintech companies including Revolut, Nubank, and Wise are expanding aggressively into the United States, drawn by the world's largest financial services market.
Swiggy CEO Sriharsha Majety says the quick commerce platform will forgo aggressive spending to pursue profitability instead, even as Amazon and Flipkart escalate their India expansion efforts.
T-Mobile acknowledged errors during a forced plan migration that resulted in some customers losing free lines. The carrier committed to restoring the affected lines, though price increases from the migration will remain in effect.
Data center operator PolarDC raised €800 million ($930 million) through a high-yield bond offering, marking the largest junk bond deal in Nordic market history. The sale reflects surging demand for AI infrastructure financing.