Block, Inc. shares rise 8.65% in premarket after raising full-year profit and revenue forecasts, and CEO Jack Dorsey announces AI-driven product acceleration.
ByAinvest
Friday, Aug 8, 2025 5:26 am ET1min read
XYZ--
Block, Inc. surged 8.65% in premarket trading, with the company raising its full-year adjusted operating profit forecast to $20.3 billion and its full-year gross profit forecast to $101.7 billion. Additionally, the company reported a 14% year-over-year increase in gross profit for the second quarter of 2025, exceeding expectations. CEO Jack Dorsey also announced that AI is accelerating product releases, boosting the company's strategic confidence.
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