TIDMTSL

RNS Number : 3559F

ThinkSmart Limited

04 November 2022

4 November 2022

ThinkSmart Limited

    ("ThinkSmart" or the "Company"   which together with its subsidiaries is the "Group")

Block, Inc Q3 results

ThinkSmart Limited (AIM: TSL), a leading digital payment solutions provider, is pleased to note the third quarter earnings report issued by Block, Inc (NYSE: SQ) ("Block") which outlines significant ongoing growth.

ThinkSmart holds a position of 618,750 shares in Block, which based on a closing price of US$53.91 on 3 November 2022 is valued at US$33.36m.

The following is an extract from Block's shareholder letter:

"We delivered strong growth at scale during the third quarter of 2022. Gross profit grew 38% year over year to $1.57 billion, up 46% on a three-year compound annual growth rate (CAGR) basis. Excluding our BNPL platform, gross profit was $1.42 billion, up 25% year over year and 42% on a three-year CAGR basis. Our Cash App ecosystem delivered gross profit of $774 million, an increase of 51% year over year and, excluding our BNPL platform, 37% year over year. Our Square ecosystem delivered gross profit of $783 million, an increase of 29% year over year and, excluding our BNPL platform, 17% year over year."

The shareholder letter can be found at:

https://s29.q4cdn.com/628966176/files/doc_financials/2022/q3/Block_Shareholder-Letter-3Q22.pdf

For further information please contact:

 
 ThinkSmart Limited                  Via Buchanan 
 
 
 
 Canaccord Genuity Ltd (Nominated 
  Adviser and Broker) 
  Emma Gabriel 
  Andrew Potts 
  Tom Diehl                          +44 (0)20 7523 8350 
 Buchanan 
  Giles Stewart 
  Chris Lane 
  Toto Berger                        +44 20 7466 5000

Notes to Editors

About ThinkSmart Limited

ThinkSmart's roots are as a specialist digital payments platform business. Following the sale of its remaining 10% shareholding in Clearpay in January 2022, the Group holds shares in NYSE listed Block, Inc (NYSE: SQ). The Group also provides an outsourced call centre customer service and support service to Clearpay and is managing the wind-down of its leasing business.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEAPFLESNAFEA

(END) Dow Jones Newswires

November 04, 2022 05:02 ET (09:02 GMT)

Thinksmart (LSE:TSL)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024 Click aqui para mais gráficos Thinksmart.
Thinksmart (LSE:TSL)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024 Click aqui para mais gráficos Thinksmart.