May 07, 2021 08:13 AM (GMT+8) · EqualOcean
Square, a mobile payment company, reported first quarter results for fiscal year 2021. The report shows that in the first quarter, square's total net revenue was US $5.057 billion, up 266% year on year; Excluding the revenue from bitcoin, square's total net revenue was $1.55 billion, up 44% year-on-year; Square's net profit was $39 million, compared with a net loss of $106 million in the same period last year. Square's first quarter revenue and adjusted earnings per share exceeded Wall Street analysts' expectations.