Square misses the mark in Q3 earnings report, opens Cash App to teens


Gross profit, meanwhile, was $1.13 billion, up 43 percent year over year, with transaction-based gross profit of $543 million. Subscription and services-based revenue reached $695 million in the quarter, an increase of 55 percent compared to the same period a year earlier. Profit in this category was $563 million, up 48 percent year on year.

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