Square Earnings: Adjusted Revenue Jumps 46%
Square (NYSE: SQ) reported its second-quarter results after the market closed on Thursday. The digital payments and point-of-sale solutions company posted strong revenue growth, a sharp increase in adjusted EBITDA, and a huge jump in its Cash App volume -- the total dollar amount of the app's peer-to-peer, Cash Card, and Cash for Business transactions.
Beyond the quarterly update, Square also announced on Thursday that it is selling its food-ordering platform, Caviar, to DoorDash in a deal valued at $410 million.
Here's a closer look at the results, as well as details of the pending sale of Caviar.
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