Square : Q3 2021 broadly in line, confident stance on opportunities in international markets and potential synergies from Afterpay acquisition
>Q3 2021 broadly in line with expectations - Square yesterday evening (after trading) reported Q3 2021 results broadly in line with expectations. Gross profit came in at $ 1.133bn (css $ 1.152bn), up 43% y-o-y and flat q-o-q. By segment, gross profit for Square Seller (merchant services) came to $ 606m (consensus $ 607m), while Cash App (consumer services) posted $ 512m (consensus $ 536m). Gross payment value (GPV) came to $ 45bn, an increase of 43%. Adjusted EBITDA a...Square is a commerce ecosystem that combines software with hardware to enable sellers to turn mobile devices and computing devices into payment and point-of-sale solutions. With the company's offering, a seller can accept payments via magnetic stripe, Europay, MasterCard, and Visa, or Near Field Communication; or online via Square Invoices, Square Virtual Terminal, or the seller's website or app. Also, sellers can gain access to reporting and analytics, next-day settlements, digital receipts, payment dispute and chargeback management, security, and Payment Card Industry compliance. The company's Cash App enable individuals to send and receive money electronically to and from individuals and businesses.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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