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SQUARE, INC.

(SQ)
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Square's 1Q Revenue Soars on Bitcoin

05/06/2021 | 04:33pm EDT

By Allison Prang

Square Inc. reported a hefty pop in revenue in the first quarter because of bitcoin.

The payments company's revenue was $5.06 billion, up from $1.38 billion a year ago. That was higher than Wall Street's consensus of $3.34 billion according to FactSet. The increase was fueled by a more than $3 billion increase in bitcoin revenue.

Square's earnings were $39 million, or 8 cents a share. A year earlier, the company's loss was $105.9 million, or 24 cents a share. Adjusted earnings were 41 cents a share, while analysts were expecting 17 cents a share for the adjusted earnings.

Write to Allison Prang at allison.prang@wsj.com

(END) Dow Jones Newswires

05-06-21 1632ET

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO -2.41% 28394.31 Real-time Quote.23.01%
BITCOIN - UNITED STATES DOLLAR -2.29% 33906.23 Real-time Quote.19.90%
DJ INDUSTRIAL 0.95% 34196.82 Delayed Quote.10.68%
SQUARE, INC. 2.28% 244.15 Delayed Quote.12.18%
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Financials (USD)
Sales 2021 20 399 M - -
Net income 2021 86,3 M - -
Net cash 2021 1 313 M - -
P/E ratio 2021 1 013x
Yield 2021 -
Capitalization 111 B 111 B -
EV / Sales 2021 5,39x
EV / Sales 2022 4,79x
Nbr of Employees 5 477
Free-Float 84,9%
Chart SQUARE, INC.
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Square, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends SQUARE, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 46
Last Close Price 244,15 $
Average target price 273,25 $
Spread / Average Target 11,9%
EPS Revisions
Managers and Directors
Jack Dorsey Chairman, President & Chief Executive Officer
Amrita Ahuja Chief Financial Officer & Treasurer
James Morgan McKelvey Independent Director
Lawrence Henry Summers Independent Director
David Alan Viniar Lead Independent Director
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