Block Inc Stock Price, News & Analysis

Square is set to disclose its financial results for Q2 2021 on August 5, 2021, after market close. A conference call and earnings webcast will follow at 2:00 p.m. PT/5:00 p.m. ET. Interested participants can register via Square's Investor Relations website. Square, traded under the symbol SQ, provides tools for businesses and individuals, enabling online and in-person transactions, financial management, and investment through Cash App. The company operates globally with offices in multiple countries.

The beauty industry is recovering strongly post-COVID, with gross payment volumes and appointment bookings exceeding pre-pandemic levels. Square reports an 81% increase in completed reservations compared to pre-pandemic figures, alongside a 121% year-over-year growth in gross payment volume. Hiring is also rebounding, with a 34% year-over-year increase in employees per business. New trends, such as body contouring and eyelash extensions, saw significant demand rise. Square Appointments facilitated this recovery, achieving its 200 millionth booking in the first half of 2021.

Square has launched a new integration with Google Merchant Center, enabling Square for Retail sellers to directly list their products on Google. This initiative allows sellers to better reach customers through platforms like Search, Maps, and YouTube, enhancing visibility without additional costs. The integration aims to support independent businesses, especially during the pandemic, by increasing their online presence. Square executives express optimism about this partnership, anticipating it will unlock new opportunities for retailers and enhance consumer choice in shopping.

Linktree announces the launch of the Passion Fund in partnership with Square on May 26, 2021. The fund, which totals $250,000, aims to support creators and entrepreneurs by providing financial resources and tools to turn their passions into careers. The Passion Fund will offer awards across three tiers: Gold, Silver, and Bronze, with amounts ranging from $1,000 to $20,000. Additionally, winners will receive exclusive benefits from Linktree, including marketing workshops and no transaction fees on Commerce Links.

Square has launched Square KDS, a subscription-based kitchen display software, making it accessible for all restaurants, including delivery-only kitchens. Initially introduced for Square for Restaurants Plus users, it now operates as a standalone solution, enhancing order management efficiency. Features include ticket timers, performance reports, and easy setup without long-term commitments. The service is available in the US, UK, Canada, Australia, and Ireland, with an introductory price of $10/month per device for US sellers.

Square, Inc. (NYSE: SQ) has announced the pricing of $1 billion in senior notes: $1 billion of 2.75% notes maturing in 2026 and $1 billion of 3.50% notes maturing in 2031. The offering, conducted under Rule 144A and Regulation S, is set to settle on May 20, 2021. Interest payments will be made semi-annually starting December 1, 2021. Proceeds will be used for general corporate purposes, including potential acquisitions and capital expenditures. The notes will not be registered under the Securities Act and are limited to qualified buyers.

Square announced plans to offer approximately $2.0 billion in senior notes through a private placement, targeting qualified institutional buyers and non-U.S. persons. The details regarding interest rates, redemption provisions, and maturity will be negotiated with initial purchasers. The funds raised will be utilized for general corporate purposes, which may include acquisitions, strategic transactions, and capital expenditures. This offering will not be registered under the Securities Act and aims to adhere to applicable exemptions.

Square announced new developer tools at its annual partner conference, Square Unboxed, including the Snippets API for Square Online, aimed at enhancing online seller engagement. The Snippets API allows for plugin creation, fostering trust through customer interaction notifications. Square reported over 2x growth in active online sellers each quarter since early 2020. Other tools announced include the Web Payments SDK and Loyalty API, focusing on enhancing eCommerce experiences. Both APIs aim to optimize online sales and support larger sellers as Square's partner ecosystem grows.

Square, Inc. (NYSE: SQ) has released its first-quarter 2021 financial results, now accessible on their Investor Relations website. A conference call is scheduled for today at 2:00 p.m. PT/5:00 p.m. ET to discuss these results, with a replay available afterward. Square continues to empower businesses and consumers through tools that facilitate online and in-person transactions, as well as financial management via Cash App. The company maintains a global presence with offices across various countries including the U.S., Canada, Japan, and the UK.