New sellers and an expanding product line made 2016 a good year for Square.

In its earnings report on Wednesday, the company said its net loss per share during the final quarter of 2016 was $.04, a significant improvement from $.34 during the same period the previous year.

Square also reported that gross payments volume for fourth quarter of 2016 was $13.7 billion, up 34% from the same time the previous year. Its full-year GPV was $50 billion, up 39% from the year before.

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