Square (SQ) Posts Q4 GAAP Loss of 34c/Share; GPV Rose 47%

Square (NYSE: SQ) reported Q4 EPS of ($0.34), which may not compare with the analyst estimate of ($0.13). Revenue for the quarter came in at $374.36 million versus the consensus estimate of $343.22 million.

Q415 EPS includes the impact of the deemed stock dividend of $32 million, or ($0.14) per share, related to the issuance of additional shares to certain holders of Series E preferred stock at the time of the initial public offering.

In the fourth quarter of 2015, we processed GPV of $10.2 billion, which represents an increase of 47% from the fourth quarter of 2014. For the full year of 2015, GPV totaled $35.6 billion, a 50% increase from the full year of 2014. GPV growth was driven by both ongoing growth in our existing seller base and new sellers added in 2015. GPV from larger sellers, which we define as those that generate greater than $125,000 in annualized GPV, grew over 70% in the fourth quarter and now represents 39% of GPV, up from 33% a year ago.

GUIDANCE:

Square sees Q1 2016 revenue of $132-137 million.

Square sees FY2016 revenue of $600-620 million.

For earnings history and earnings-related data on Square (SQ) click here.

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