Bernstein calls this bitcoin-related promotion her best idea for 2025
Bernstein's recent success between Black Friday and Cyber Monday underscores the blockchain's growth potential.
Vendors using the #blockchain ecosystem of commercial tools completed a record 144 million transactions worldwide, a 17% increase over last year. Online and in-store sales were up 21% and 17%, respectively, due to strong demand for mega-discounts over the weekend.
The integration of Afterpay and Google Pay ahead of the holidays is another key driver of growth. 1 The move will allow shoppers to split their purchases directly through Google Pay, expanding Afterpay's reach and boosting Blockchain revenues.
The integration of Afterpay and Google Pay has proven beneficial in driving mass adoption of BNPL, mobile commerce and digital wallets by a new generation of shoppers, said Dr. Michael Kors, global head of Afterpay and Cash App partnerships.
The introduction of Afterpay's cash app card is expected to make it a viable alternative to traditional credit cards, further increasing their popularity and financial performance.
Blockchain revenue in the third quarter of 2024 demonstrated its operational strength. Total net income increased 6.4% year-on-year to $598,000 million. Excluding #bitcoin (BTC) revenue, the figure increased 11%, while subscription and services revenue increased 20%. Adjusted earnings per share rose 370 basis points, or 76%, to 0.88 yen, thanks to improved cost control and a higher net profit margin.
The company's stable balance sheet includes 2.7 billion yen of net cash and 7,7500 million yen of revolving credit, enabling Block to make strategic acquisitions.
Despite its strengths, BLOCK trades at a projected P/E ratio of 22.89 and has a trailing P/E of 0.58, which, according to STOCKANALYSIS, indicates its growth potential with reasonable valuation.
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