Block, Inc. reported its first-quarter 2025 financial results with adjusted earnings per share (EPS) of $0.56, missing the estimated $0.87. Revenue for the quarter was $5.77 billion, below the $6.20 billion estimate and down 3% year over year. Gross profit for the second quarter is expected to rise 9.5% year over year to $2.45 billion, with full-year 2025 gross profit guidance set at $9.96 billion, representing 12% growth year over year. The company noted that Cash App gross profit growth was below expectations due to softer inflows and Cash App Card spending. Block is expanding its Cash App Borrow service nationwide following FDIC approval and plans to increase marketing spend by nearly 50% in the second quarter to drive user growth and engagement, including scaling its national Banking campaign and launching a new campaign focused on commerce and Cash App Afterpay. Meanwhile, United States Steel Corporation reported a first-quarter 2025 adjusted net loss of $87 million, or $0.39 per diluted share, which was better than the estimated loss of $0.45 per share. Revenue was $3.73 billion, beating estimates of $3.63 billion. Adjusted EBITDA was $172 million, exceeding the $125.3 million estimate. The company shipped 3.76 million tons of steel, above the expected 3.45 million tons, and anticipates second-quarter adjusted EBITDA between $375 million and a higher range.