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Square, Inc. is a financial services and mobile payments company headquartered in San Francisco, California. Square was founded in 2009 by Jack Dorsey and Jim McKelvey.
Currently, one of Square’s main sources of revenue is Cash App, which allows users per-to-per transfer. CashApp was released in October 2013 and reported 36 million monthly active users as of December 2020. In this platform, users can also buy Bitcoin and stocks.
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Latest News and Analysis on Square, Inc.
Square, Inc. announced 2021 Q2 financial results on August 1st. According to the announcement, total revenue and adjusted EBITDA were up 142.2% and 267.4%, respectively (YoY, 3 months). In addition, operating income was 125 million USD. Its net income was 204 million USD. In 2020 Q2, Square had recorded operating loss and net loss. ReviewingContinue reading “Square’s Adjusted EBITDA recorded Triple-Digit Growth”
Square, Inc. (NYSE: SQ) announced its 2021 Q1 earning results on May 6th, 2021. According to the announcement, total net revenue was up 266.2% (3 months, YoY). The operating income and net income returned to the black. In addition, the adjusted EBITDA was up x25.4 (3 months, YoY). Moreover, the Cash App revenue was upContinue reading “Cash App Revenue was Up 665.6% in 2021 Q1”
Square, Inc. (NYSE: SQ) announced its 2020 Q4 and annual earning results on February 23rd, 2021. As a result, total net revenue in 2020 Q4 was up 140.1%, with surprising growth of Bitcoin revenue of up 889.0% (YoY). For the full year, total net revenue was up 101.4% and Bitcoin revenue was up 785.2% (YoY). Continue reading “Square announced fewer Growth of Net Revenue in 2020 Q4 compared to that in Q3”
On November 5th, 2020, Square Inc. (NYSE: SQ), a mobile payment giant, announced a significant increase in its total revenue in its 2020 Q3 earning results, owing to the revenue growth of mobile app Cash App. As a result, on the following November 6th, its stock price surged by 13%. Meanwhile, on November 9th andContinue reading “What’s the Impact of Economic Reopening on Square’s Performance?”
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