$37 million of bitcoin revenue assist square accelerate increase in q2

$37 million of bitcoin revenue assist square accelerate increase in q2
фото показано с : bitcoints.com

2018-8-3 21:56

Finance

Square has reported its Q2 2018 financial results, revealing that $37 million of Bitcoin-related revenue helped the company accelerate its growth during the period.
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$37 Million of Bitcoin Revenue
Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has posted its financial results for the second quarter of 2018 on Wednesday, August 1st, showing very strong performance.
Total net revenue was $815 million, up 48% year over year, and Adjusted Revenue was $385 million, up 60% year over year.
Bitcoin revenue contributed $37 million to total net revenue in the second quarter, and related costs were $36.6 million resulting in a minor add to adjusted revenue of just $400,000.
Still, this means that Square effectively doubled the profit its Bitcoin business brought in during the period, compared with just a meager $200,000 in Q1.

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Источник: bitcoints.com

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