Block reports Q1 revenue up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross profit forecast above estimates; XYZ jumps 7%+ after hours (Isabelle Lee/Bloomberg)

Isabelle Lee / Bloomberg:

Block reviews Q1 income up 5% YoY to $6.1B, vs. $5.9B est., and raises its 2026 gross revenue forecast above estimates; XYZ jumps 7%+ after hours  —  Block Inc. supplied a sunnier outlook for earnings and development on Thursday after orchestrating a extreme spherical of job cuts associated to synthetic intelligence …