Take away SQ Q4
1. Posted a 52% year-over-year increase in Q4 2020 gross profit of $804 million and up from $794 million in Q3 2020
2. Total net revenue for the quarter was $3.16 billion, up 141% year-over-year, versus analysts' consensus of $3.11 billion.
3. Operating expenses were $759 million in the fourth quarter of 2020, up 49% year over year, and non-GAAP operating expenses were $622 million, up 51% year over year.
4. Cash App had more than 36 million monthly customers active, a 50% increase year-over-year.
5. Purchased approximately 3,318 bitcoins at a cost of $170 million.
6. Bitcoin revenue increased to $1.76 billion, from $177.6 million a year ago.
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1. Posted a 52% year-over-year increase in Q4 2020 gross profit of $804 million and up from $794 million in Q3 2020
2. Total net revenue for the quarter was $3.16 billion, up 141% year-over-year, versus analysts' consensus of $3.11 billion.
3. Operating expenses were $759 million in the fourth quarter of 2020, up 49% year over year, and non-GAAP operating expenses were $622 million, up 51% year over year.
4. Cash App had more than 36 million monthly customers active, a 50% increase year-over-year.
5. Purchased approximately 3,318 bitcoins at a cost of $170 million.
6. Bitcoin revenue increased to $1.76 billion, from $177.6 million a year ago.
*Share your idea below to benefit fellow investors
*FYI this is not purchase and sale advice
Thank you
Follow me for daily financial news snap short.