Payments News

Companies

Square earnings beat on top and bottom line but miss on guidance

“Adjusted revenue grew 68 percent year over year. The company reported its first quarterly profit of $20 million, compared with a net loss of $16 million in the third quarter of last year. Square’s chief financial officer, Sarah Friar, said a “big driver” of the profitability was the investment in EventBrite, which went public in October.”