ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
Reported earnings on February 8, 2023, closing at $10.47 / share
Generated $380mm net revenue, +5.3% QoQ and +4.8% YoY and $82mm Adj. EBITDA
Incurred a $57mm processing error from selling shares short into the market
Cancelled ~$485mm in founder stock-based compensation
Balance sheet reflects ~$6.3bn in cash and equivalents
International launch of digital asset self-custody wallet
Board authorizes, subject to final approval, purchase of ~55mm Robinhood shares held by SBF’s Emergent Fidelity Technologies
Footnotes
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.
