2023-08-08 16:09:26 ET
- Marqeta press release ( NASDAQ: MQ ): Q2 GAAP EPS of -$0.11 misses by $0.02 .
- Revenue of $231M (+23.7% Y/Y) beats by $11.16M .
- Marqeta announced today that it had signed a four year extension with Block to continue powering its popular Cash App card product. This extended deal to power the Cash Card is effective on July 1, 2023 and continues through June of 2027. We believe this renewal demonstrates the value Block sees in the Marqeta platform and this partnership, exemplified by Marqeta’s flexibility, innovation and breadth of service.
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Marqeta GAAP EPS of -$0.11 misses by $0.02, revenue of $231M beats by $11.16M