Weebly will expand Square’s customer base globally and add a new recurring revenue stream. Weebly has millions of customers and more than 625,000 paid subscribers. Square will provide Weebly customers with access to the company’s ecosystem of managed payments, hardware, and software, which complement Weebly’s services, including free website hosting, premium (paid) website hosting, online store, and marketing tools. Nearly 40% of Weebly’s paid subscribers are outside the U.S., which will help accelerate Square’s global expansion. We will continue to provide an open platform to offer sellers the flexibility to select and integrate the third-party solutions that are best for their business. In the first quarter, the number of sellers that are integrated with a third-party solution increased nearly 80% year over year. Today, we offer more than 100 third-party partner integrations across a diverse range of third-party apps: website builders such as GoDaddy, Wix, and WooCommerce; points of sale such as SuiteRetail and Vend; and back- office systems like SAP Business One, Intuit, and Xero. Larger sellers come to Square for our ecosystem: More than half of larger A larger seller generates more than sellers use multiple Square products. $125,000 in annualized GPV. Larger sellers often have business needs that extend beyond payments, TOTAL NET REVENUE AND ADJUSTED such as managing multiple employees and locations and tracking REVENUE GROWTH OF LARGER SELLERS inventory. Square provides integrated solutions to meet these diverse Adjusted Revenue Growth YoY (%) needs—saving sellers the time and burden of stitching together individual Total Net Revenue Growth YoY (%) products from different vendors. 60% 60% Larger businesses, like other Square sellers, choose Square because they 50% value our cohesive ecosystem: More than half of larger sellers used two or 47% more Square products during 2017. As these sellers use more products, we 40% deepen our relationship with them, and they drive meaningful growth for Q2 Q3 Q4 Q1 Square: In the first quarter, total net revenue from larger sellers grew 47% 2017 2017 2017 2018 year over year, and Adjusted Revenue from larger sellers grew 60% year Excludes subscription revenue from partners and hardware revenue. over year. We continue to build remarkable products that meet the needs of sellers of every size. In the fourth quarter of 2017, we launched Square Register, our first product that combines hardware, point-of-sale software, and 4