Block Investor Day preview:
Block (SQ) will hold its 2022 Investor Day event on May 18 with appearances scheduled for CEO Jack Dorsey and CFO Amrita Ahuja. Bank of America said to expect a fresh deep-dive into both the Seller and Cash App ecosystems, with details on total address markets, product roadmap, and cohort economics, as well as integration progress and synergies related to the recent Afterpay acquisition.
Also look for an update on the company’s digital asset/crypto strategy with the recent sell-off in the background. “While we don’t necessarily anticipate formal and specific multi-year guidance to be issued, we think it is important for management to provide some form of a financial framework, to enable the Street to understand how SQ is thinking about trade-offs between growth and margins, as well as ROI on opex initiatives.” previewed BofA.