Block Inc. reported third-quarter net revenue of $6.11 billion, falling short of expectations.

According to Odaily Planet Daily, Block Inc. reported third-quarter net revenue of $6.11 billion, exceeding analysts' expectations of $6.34 billion; third-quarter Bitcoin revenue was $1.97 billion, also exceeding analysts' expectations of $2.28 billion. Fourth-quarter gross profit is projected at $2.76 billion, also exceeding analysts' expectations of $2.74 billion.