Andrew Linden
2
All posts from Andrew Linden
Andrew Linden in Your News,

Square Is Impressive: Beats The Estimates

Square released their earnings a few minutes ago and here is the summary:

  • Gross Payment Volume was $12.5 billion, up 42% year over year. 
  • Total net revenue was $439 million vs $405 million consensus, up 41% year over year; Adjusted Revenue was $171 million, up 54% year over year. 
  • Net loss was $27 million, an improvement of over $2 million year over year. 
  • We achieved positive Adjusted EBITDA of $13 million, a margin improvement of 7 points year over year.
  • We extended $189 million in Square Capital, up 123% year over year and 23% sequentially.

I'm really impressed by the earnings, but I could expect it. The stock soars more than 12% in after-hours trading and it's only beginning.