Profit progress has been the name of the game for Block Inc. lately, and the parent company of Square, Afterpay and the Cash App expects to see more of that in the year to come. Block forecasts continued margin expansion into 2025,

Payments firm Block third-quarter revenue fell short of Wall Street expectations on Thursday, signaling a slowdown in consumer spending and sending its shares down 9% after the bell.

Block’s Bitcoin revenue stagnated in the third quarter, and the fintech firm’s shares dropped by 12% after the bell as it missed Wall Street revenue estimates.

Block (NYSE:SQ) reported third-quarter earnings that met expectations, but revenue fell short of analyst estimates, sending shares down 10% in after-hours trading. The financial technology company, formerly known as Square,