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Square beats in Q1 with revenue of $5.06B, up 266% YoY, with $3.5B in bitcoin revenue, up 11x YoY, gross profit of $964M, up 79% YoY, with $495M from Cash App

MacKenzie Sigalos / CNBC :

CNBC MacKenzie Sigalos

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Discussion

  • @kenziesigalos MacKenzie Sigalos on x
    Square reports $3.5 billion in #bitcoin revenue in Q1 BUT bitcoin gross profit ... only $75 million. Details: https://www.cnbc.com/...
  • @thetranscript_ @thetranscript_ on x
    Square Q1 2021: - Earnings and revenues beat. - Total net revenue was $1.55B, exc. bitcoin (+44% Y0Y) - Cash App revenue of $529M, up 139% YoY. - Seller GPV up 144% in April. $SQ https://twitter.com/...
  • @alex @alex on x
    i need to write about thissss https://twitter.com/...
  • @bradmichelson Brad Michelson on x
    Contrary to popular opinions, #bitcoin traders are not price sensitive. https://www.theblockcrypto.com/ ...
  • @mdudas Mike Dudas on x
    pretty clear that @CashApp is gonna beat @GoldmanSachs at this #bitcoin thing https://www.theblockcrypto.com/ ...
  • @mdudas Mike Dudas on x
    this is just gorgeous #bitcoin is the dongle of @square's future https://www.theblockcrypto.com/ ... https://twitter.com/...