In this video, I will go over the most important parts of Block's (SQ 2.54%) recent investor day. I'm going to discuss Cash App, Square Seller, and Afterpay, and talk a bit about Tidal, TBD, and Spiral.
- It all started with Square helping small businesses accept credit card payments. Fast forward to today, and it offers almost everything you need to run a successful business. And it shows: 40% of gross profit came from sellers who use four or more products.
- Square has grown gross profit from mid-market sellers over 19 times since 2015.
- Cash App has 80 million annual active consumers; combine that with Afterpay's 20 million global actives and you get a super app.
- Afterpay operates in eight global markets and generates close to $20 billion in GMV, $601 million in gross profit, and $833 million in revenue.
For the full insights, do watch the video, consider subscribing, and click the special offer link below.
*Stock prices used were the closing prices of May 20, 2022. The video was published on May 22, 2022.