• Square GPV growth accelerated to 12% and gained profitable market share
• Cash App gross profit growth accelerated to 24%, with 58 million monthly actives
• Proto generated its first revenue, seeding the next major ecosystem

Block, Inc. had another strong quarter, delivering high quality and high velocity for its customers. Square GPV growth accelerated to 12% as the company gained profitable market share through product innovation and expanded distribution. Cash App gross profit growth accelerated to 24%, and the platform hit 58 million monthly actives in September. The company's Proto ecosystem also generated its first revenue, seeding what it believes will become its next major ecosystem. The company outlined its strategy to continue taking market share in the seller space by being the best platform to help businesses grow, run, and automate their operations. This includes connecting Square and Cash App to deliver more value, delivering AI tools to automate operations and finances, making selling easier with software and commerce tools, and significantly scaling its go-to-market efforts. The company is also expanding its distribution through field sales, partner programs, and targeted marketing, while continuing to invest in self-onboarding growth. Overall, the company believes it is the only one that can serve every seller in every neighborhood around the world and is committed to continuing to build for them.

The company believes it is the only company that can serve every seller in every neighborhood around the world and is committed to continuing to build for them. It is focused on expanding its distribution, investing in self-onboarding growth, and delivering AI tools and other innovations to help sellers grow and automate their businesses.