Square managed to maintain its growth momentum in the first quarter of 2021 driven by the strong performance of Cash App ecosystem which grew at a triple-digit rate and contributed $4.04 billion to the top-line. The company’s seller ecosystem continues to expand upmarket, targeting larger merchants, and is continuously adding new functionalities such as Square Messages. Moreover, the company witnessed solid momentum across bitcoin with revenue from this business line almost doubling sequentially ....
05 Jun 2021
Square Invt Thesis, Financial & Price Forecasts, DCF Valuation
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Square Invt Thesis, Financial & Price Forecasts, DCF Valuation
- Published:
05 Jun 2021 -
Author:
Ishan Majumdar -
Pages:
15
Square managed to maintain its growth momentum in the first quarter of 2021 driven by the strong performance of Cash App ecosystem which grew at a triple-digit rate and contributed $4.04 billion to the top-line. The company’s seller ecosystem continues to expand upmarket, targeting larger merchants, and is continuously adding new functionalities such as Square Messages. Moreover, the company witnessed solid momentum across bitcoin with revenue from this business line almost doubling sequentially ....