Tidal’s Parent Company Block Publishes Latest Financial Results

It used to be quarterly effects time the day gone by for fintech company Block, the father or mother corporate of Tidal. As same old, there used to be a host in relation to Tidal’s revenues, with caveats.

Block’s ‘company and different’ revenues have been $50m in Q3 2023, with the corporate pronouncing that those revenues have been “essentially Tidal and intersegment eliminations between Money App and Sq.” that quarter.

What we don’t know is how a lot the latter amounted to: so this isn’t affirmation that Tidal made $50m in Q3.

We will glance again to the identical quarter within the ultimate couple of years, although. Those revenues had fallen from $58m in Q3 2021 to $56m in Q3 2022 – in each circumstances described as “essentially Tidal” with out the Money App / Sq. intersegment eliminations phase.

Now, with the ones incorporated, the entire is $50m.

Tidal wasn’t discussed a lot in Block’s income name, however founder Jack Dorsey did reiterate his consider that “with Tidal, we do consider that there’s parallels between what a musician faces and what a small dealer simply beginning out faces: and a large number of the similar equipment are going to be helpful”.

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