Square grew transactions 39% to $50 billion in 2016

Square ($SQ) has announced the results of its fiscal fourth quarter earnings, revealing that it generated $452 million in net revenue, an increase of 21 percent from last year, but had a net income loss of $15 million.
As it relates to gross payment volume (GPV), the company processed $13.7 billion for the quarter, up 34 percent year-over-year, while for the year it handled $50 billion, an increase of 39 percent annually.
“In the fourth quarter, we continued to see strength from large