Square Generates $43 Million in Bitcoin Revenue in Q3, Profits Reach $500,00014.38

Mobile payments and merchant services provider Square, Inc. has revealed its Q3 revenue report, and with it has shared some positive growth in Bitcoin-related revenue.

According to Square’s third quarter 2018 revenue report, the mobile payment firm generated $431 million in adjusted net revenue – beating FactSet analyst projections of $414 million. The growth represents a 68% year-over-year increase of adjusted revenue. Total net revenue reached $882 million in Q3 2018, representing 51% year-over-year growth.

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