Square Earnings Report

By: ssmlee04 Community Lead :))   💬 574   
   Feb 25, 2023

The earnings is really good. We should all take a look at their earnings report and you'll understand why do I say that.

Subscription based revenue grows about 455/270=68% yoy. Cash App gross profit is about 1 billion. Cash App MAU over 50m in the previous quarter, transacting actives are also about 50m this quarter. So people do use this Cash App and is deeply involved in this ecosystem.

Gross profit is about 3b a year for Cash App and 3b a year for Square. EBITDA is not growing but maintains at around 1b level. Amazing execution in a harsh macro environment like this when we have shops failing to survive and borrowers failing to repay their loans.

long $sq

Shareholder letter:


Earnings Call - Prepared Remarks:

SQ - Block, Inc.  -14.33% since post
The Stockguy
Member since: 2019-03-03
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Hi, I'm Shih-Min. I am a software engineer that deals with highly-scalable, distributed and fault-tolerant systems.