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Block Announces Ticker Symbol Change to XYZ; To Report Fourth Quarter Results

1. Block, Inc. will change its ticker symbols to 'XYZ' in 2025. 2. Ticker changes affect listings on NYSE and ASX, but no shareholder actions needed. 3. Fourth quarter 2024 financial results to release on February 20, 2025. 4. Block's ecosystem includes brands like Cash App, Square, Afterpay, and TIDAL.

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FAQ

Why Neutral?

Ticker changes typically have minimal direct impact on price. Previous examples show similar changes didn't affect stock performance significantly.

How important is it?

While the ticker change is notable, it does not signal operational changes. The upcoming earnings report may provide more significant insights.

Why No Impact?

The symbol change does not impact company fundamentals. Past changes had no long-term effects on business operations.

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AFTTIDAL
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: SQ) announced today that it will be changing its ticker symbols from “SQ” and “SQ2” to “XYZ”. This is in connection with the company’s earlier name change to “Block” and its ecosystem of brands including Cash App, Square, Afterpay and TIDAL. The change will be implemented across the company’s dual listings on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX). Effective January 21, 2025, the company’s Class A common stock will trade on the NYSE under the new symbol “XYZ”. Effective January 22, 2025, the company’s ticker code on the ASX will also change to “XYZ”. There is no action required by the company’s shareholders with respect to the ticker symbol change. The company’s Class A common stock will continue to be listed on the NYSE and the company’s CHESS Depository Interests (CDIs) will continue to be listed on the ASX. The CUSIP for the NYSE listing and the ISIN for the ASX listing will remain unchanged. Webcast and Conference Information Block also announced it will release financial results for the fourth quarter of 2024 on Thursday, February 20, 2025, after market close. The company will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call. About Block Block, Inc. (NYSE: SQ), builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we’re helping build a financial system that is open to everyone. Block.xyz

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