# Square first quarter revenue of $669 million, net loss of $23 million 990 thousand

2018-05-03 00:33:48
category:Internet

Major financial data for the first quarter Total payment volume (GPV) was $17 billion 827 million, compared with $13 billion 647 million in the same period last year, an increase of 30.6% over the same period last year. Net revenue was $669 million, compared with $461 million in the same period last year, an increase of 45% over the same period last year. Adjusted net revenue was $307 million, compared with $204 million in the same period last year, an increase of 50.5% over the same period last year. Net loss was $23 million 990 thousand, compared with a net loss of $15 million 90 thousand during the same period last year. Gross profit was $255 million, compared with a gross profit of $173 million in the same period last year, an increase of 47.4% over the same period last year. The operating loss was $20 million 990 thousand, which was $14 million 80 thousand in the same period last year. Net loss per diluted share was $0.06, compared with a net loss of $0.04 per share in the same period last year. After adjustment, the profit before interest, tax, depreciation and amortization (EBITDA) was $35 million 890 thousand, compared with a loss of $27 million 30 thousand during the same period last year. By the end of the quarter, the company held cash, cash equivalents and short-term investments totaling $939 million, up to $866 million at the end of last year. (Chen Chen) the source of this article: NetEase science and technology report editor: Wang Fengzhi _NT2541 Net loss was $23 million 990 thousand, compared with a net loss of $15 million 90 thousand during the same period last year. Gross profit was $255 million, compared with a gross profit of $173 million in the same period last year, an increase of 47.4% over the same period last year. The operating loss was $20 million 990 thousand, which was $14 million 80 thousand in the same period last year. After adjustment, the profit before interest, tax, depreciation and amortization (EBITDA) was $35 million 890 thousand, compared with a loss of $27 million 30 thousand during the same period last year. By the end of the quarter, the company held cash, cash equivalents and short-term investments totaling $939 million, up to $866 million at the end of last year. (cherishing Chen)