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0.0173109243697479 0.0265546218487396 0.0327731092436975 0.0159663865546219 0.0387310924369749 0.0425210084033614 0.0537815126050421 0.0521008403361345
Stock impact report

Square Completes Sale of Caviar to DoorDash

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Square, Inc. (NYSE: SQ) (the “Company”) today announced that it has completed its sale of Caviar to DoorDash, Inc. on October 31, 2019, for $410 million in a mix of cash and DoorDash stock. In connection with the closing, Square is providing details on Caviar’s contribution to the Company’s previously announced guidance.Caviar will be included in Square’s financial results through October 2019, but will no longer be included following the completion of the sale. Accordingly, Square is providing the following details on the amount Caviar had been projected to contribute at the time of the guidance provided in the Company's second quarter 2019 Shareholder Letter. Full Year 2019Remainder of 2019¹Total net revenue$190 million$32 millionAdjusted Revenue$190 million$32 millionAdjusted EBITDA$(9) million$(1) million¹ Represents forecasted Caviar contribution for November and December 2019 at the time of the guidance provided in the Company's second quarter Show less Read more
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