Block Q3 Revenue Miss Triggers Sharp 12% Stock Drop

Jack Dorsey’s company, Block, Inc., is facing new pressure after its Q3 revenue fell short of expectations, reports Cointelegraph. Soon after the report came out, Block’s shares dropped almost 12%. The sharp reaction shows growing concerns about the company’s growth and direction.

🔥 LATEST: Jack Dorsey’s Block, Inc. reported Q3 revenue below expectations, and its shares dropped about 12% after the announcement. pic.twitter.com/WRFUVp5xP1

— Cointelegraph (@Cointelegraph) November 7, 2025

A Quarter That Did Not Meet Expectations

Block reported revenue growth compared to last year, but it was still lower than what analysts predicted. Because of this gap, investors quickly pulled back. The miss raised questions about the company’s main business lines and how strongly they are performing.

Block operates many major products, including Cash App, Square merchant services, and its Bitcoin ecosystem. Even with this range of businesses, the company could not reach the targets set earlier in the year. The weaker results caused investors to worry that Block’s recent growth might be slowing.

Why the Market Reacted Strongly

Investors expected Q3 to show clear progress. Block has rolled out new features, expanded into more countries, and continued to build its crypto products. Many believed these efforts would result in stronger revenue. When the numbers did not reflect that, confidence dropped.

A big concern is Block’s dependence on Bitcoin income. Cash App earns a huge portion of its revenue from Bitcoin sales and transactions. When Bitcoin prices move up, the company benefits. When prices stay flat or fall, revenue slows. This creates volatility that other fintech firms do not face. After the Q3 results, investors began to question whether Block can depend on such an unpredictable stream.

Cash App and Square Show Mixed Signals

Cash App continues to attract users, but its growth rate is slowing. This matters because Cash App remains one of Block’s strongest businesses. If its momentum slows too much, the company may struggle to meet future targets.

Square, Block’s system for merchants, also saw weaker performance. Many small businesses are dealing with higher costs and softer sales. As they process fewer payments, Square earns less. This trend added more pressure on Block’s Q3 results.

Bitcoin Strategy Adds Both Hope and Risk

Jack Dorsey continues to push the company toward a Bitcoin-focused future. Block invests mostly in Bitcoin development, mining tools, and open-source technology. This vision could pay off if global Bitcoin adoption grows. However, it also increases the company’s exposure to market swings.

Some investors now want Block to balance this approach with more stable revenue sources.

Block’s Next Big Test

Block’s Q3 performance and the 12% share drop show that the company is at an important moment. It must prove that it can deliver steady growth even when crypto markets are slow. The next few quarters will play a key role in shaping investor confidence and the company’s long-term direction.