PayPal reports $6.85 billion in Q3 net revenue, beats Wall Street estimate

2022/11/04 00:33

Digital payments firm PayPal reported net revenue of $6.85 billion for the third quarter of 2022. The Wall Street consensus was $6.82 billion, according to Factset. Net revenue rose 11% year-over-year, PayPal said in its earnings release. GAAP earnings per share came in at $1.15 compared to the Street estimate of $0.96. EPS rose 26% year-over-year. PayPal said that its total volume of payments grew 9% quarter-over-quarter, reaching $337 billion for the period. Venmo accounted for $63.6 billion of the quarterly figure. "We delivered strong third quarter results," President and CEO Dan Schulman said. "We will continue to invest against our key priorities to advance our leading position in digital payments and commerce." Earlier this year, PayPal beefed up its crypto wallet functions, adding the ability to send funds between PayPal and other wallets, a long-sought feature by users. PayPal first began offering crypto purchases in late 2020 through a partnership with Paxos.
bullishbullishbullish3bearishbearishbearish2Me gustaCompartir
Descargo de responsabilidadEl contenido anterior no representa las posiciones de HTX.HTX no ofrece ninguna recomendación de trading.

Artículos relacionados

  • Image

    Bitmine ramps up staking with 86,400 ETH: What comes next for Ethereum?

  • Image

    Bitcoin compresses between $90K and $94K – A big move is brewing

  • Image

    Ethereum locks 1mln as Vitalik Buterin warns of ‘corposlop’ – Identity crisis ahead?

Todos los comentarios0Lo más recientePopular

Lo más recientePopular
noContent

No hay registros

Artículos relacionados

  • Image

    Bitmine ramps up staking with 86,400 ETH: What comes next for Ethereum?

  • Image

    Bitcoin compresses between $90K and $94K – A big move is brewing

  • Image

    Ethereum locks 1mln as Vitalik Buterin warns of ‘corposlop’ – Identity crisis ahead?