⁍ Square’s net revenue came in at $1.92 billion, compared with $1.17 billion last year.
⁍ The company’s gross profit grew 28% on-year to $597 million.
– Payments processor Square Inc reported on Tuesday a 64% jump in second-quarter revenue, as consumers shifted towards more online buying and used its peer-to-peer Cash App platform during the COVID-19 pandemic. The company’s net revenue came in at $1.92 billion, compared with $1.17 billion last year, reports Reuters. Gross profit grew 28% on-year to $597 million.
Source: https://www.reuters.com/article/square-results/squares-q2-revenue-surges-as-pandemic-stokes-online-shopping-shift-idUSL4N2F704B