Fintech and digital payments giant Block, formerly Square, reported second-quarter results that beat analysts' average estimates, but its bitcoin-related revenue fell.

Total revenue for the quarter was $4.4 billion, compared with the $4.3 billion that analysts were expecting on average according to FactSet. Revenue fell 6.6% from the second quarter a year ago, driven by a decrease in bitcoin revenue, the company said.

Excluding bitcoin, net revenue was $2.62 billion. Adjusted earnings per share were 18 cents, compared with analysts' average estimate of 16 cents.

Fintech and digital payments giant Block, formerly Square, reported second-quarter results that beat analysts' average estimates, but its bitcoin-related revenue fell.

Total revenue for the quarter was $4.4 billion, compared with the $4.3 billion that analysts were expecting on average according to FactSet. Revenue fell 6.6% from the second quarter a year ago, driven by a decrease in bitcoin revenue, the company said.

Excluding bitcoin, net revenue was $2.62 billion. Adjusted earnings per share were 18 cents, compared with analysts' average estimate of 16 cents.