PayPal reported net income of US $ 6.18 billion, equivalent to a growth of 13% when compared to the same quarter of the previous year.
Additionally, earnings per share rose to $ 1.11, above the market expectation of $ 1.07 per share.
The company reported a 24% growth in the value of transactions carried out through its platform, which reached US $ 310,000 million, while its operating cash flow increased 15% annually to US $ 1,510 million.
Conversely, the number of new net active accounts on the platform decreased 12% annually with just 13.3 million.
Dan Schulman, PayPal president and CEO, said the company’s results “demonstrate strong growth in a record year. The strength of the PayPal platform and its ubiquity in our core markets have led us to scale, expand our work with existing partners, and attract new allies. “
Source From: Ambito
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