Square (SQ): Q4 2019 Earnings Snapshot

— GPV increased 25% to $28.6 billion.

— Transaction-based revenue grew 25% to $832 million.

— Subscription and transaction-based revenue increased 45%
to $281 million.

— Hardware revenue was $22 million, up 23% year-over-year.

— Q1 2020 revenue is expected to be $1.34 billion to $1.36
billion.

— Q1 2020 adjusted EPS is expected to be $0.16 to $0.18.

— FY2020 revenue is estimated to be $5.90 billion to $5.96
billion.

— FY2020 adjusted EPS is projected to be $0.90 to $0.94.

— SQ shares gained 7.7% in aftermarket hours on Wednesday.

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