- Square reported mixed earnings, missing on revenue while highlighting the potential of integrating Afterpay, which will connect the Sellers and Cash App ecosystems.
- Cash App revenue decelerated this quarter, Square's revenue driver over the past two years. Now, Square needs to find new ways to monetize Cash App.
- Square will look to make Cash App a super app that acts as a consumer-facing wallet as well as a commerce platform.
- In this article, I will provide my analysis of this quarter’s earnings call and then provide an updated valuation for Square, illustrating its intrinsic value is closer to $365.
For further details see:
Q3: Square's Waiting For Its Instagram Moment