Here's Why Marqeta (MQ) Shares are Soaring Today
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Marqeta Third Quarter Earnings Report Shows 56 Percent Jump in Net Revenue Year Over Year, Highlighting Strong, Continued Growth
November 10, 2021 4:05 PM ESTIn its third quarter earnings report, the global modern card issuing platform reported net revenue of $132 million, up 56 percent year-over-year, with 60 percent growth in total processing volume and a 67 percent increase in gross profit.
OAKLAND, Calif.--(BUSINESS WIRE)-- Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2021.
Marqeta reported total processing volume (TPV) of $27.6 billion, with net revenue of $132 million. This represented an increase of 60% and 56%, respectively, from the same quarter of 2020. The company saw gross profit of $59 million during... More
