May 2, 2018 / 8:16 PM / in 6 months

Square quarterly loss widens as costs rise

May 2 (Reuters) - Payments processor Square Inc reported a bigger quarterly loss on Wednesday as the company spent more on product development and marketing.

The company, led by Twitter Inc Chief Executive Officer Jack Dorsey, said loss widened to $24 million, or 6 cents per share, in the first quarter ended March 31, from $15.1 million, or 4 cents per share, a year earlier. (bit.ly/2KxSUPJ)

Total revenue rose to $668.6 million from $461.6 million. (Reporting by Diptendu Lahiri in Bengaluru; Editing by Sriraj Kalluvila)

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