Square beats Q4 estimates with $452M in revenue

Square beats Q4 estimates with $452M in revenue, up from $374M last year, as gross payment volume rises 34% YoY to $13.7B; stock up 4%

Gross Payment Volume (GPV) for the fourth quarter was $13.7 billion, up 34% year over year. Total net revenue was $452 million, up 21% year over year, and Adjusted Revenue was $192 million, up 43% year over year. Net loss was $15 million, an improvement of $33 million on a year-overyear basis. We achieved fourth-quarter Adjusted EBITDA of $30 million, an improvement of $36 million on a year-over-year basis. Fourth-quarter Adjusted EBITDA margin of 16% is an improvement of 20 points year over year.

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