PayPal expects Q4 revenue below estimates as profit push puts growth behind

Quick Summary:

Third-quarter revenue jumped 6 per cent to $7.85 billion but missed estimate of $7.89 billion.

PayPal is moderating growth in low-margin units such as Braintree that provides payments technology to businesses, and instead focusing on lucrative segments like branded checkout.

To keep its edge, PayPal is pursuing new partnerships andexpanding existing ones with companies in the retail and payments sector such as Fiserv, Adyen, Amazon , Global Payments and Shopify.

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Article Details

Category: BusinessFinance

Markets: India

Topics: PayPal results PayPal Q4 profit estimate PayPal Q4 revenue estimate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 18:54:43 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23327390

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About Business Standard

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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