Square Q1 sales surge 266% as transactions jump amid economic recovery, bitcoin revenue soars

Square Q1 sales surge 266% as transactions jump amid economic recovery, bitcoin revenue soars

Square (SQ) reported first-quarter earnings that blew past estimates after market close on Thursday, with the payments company’s results boosted by ongoing growth in Cash App and its cryptocurrency offerings. Shares rose more than 1% in late trading. 

Here were the main metrics in Square’s report compared to consensus estimates compiled by Bloomberg:

As a financial technology company, Square’s growth ballooned over the course of 2020, with consumers increasingly conducting transactions online…


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