PayPal reports solid third-quarter results, with total payment volume growing 25%

TechCrunch | 10/23/2019 | Staff
loranseenloranseen (Posted by) Level 3
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PayPal reported third-quarter results today that were slightly ahead of analysts’ expectations, driven by an increase in total payment volume.

The company’s quarterly revenue grew 19% year-over-year to $4.38 billion. Its GAAP net income was 39 cents per share, or $462 million, a 7% year-over-year increase. On a non-GAAP basis, net income was 61 cents a share, a 5% increase.

Figures - Impact - Investments - MercadoLibre - Uber

These figures included a negative impact from strategic investments in MercadoLibre and Uber; without that, GAAP net income would have increased 48% to 54 cents per share, and non-GAAP net income would have rose 31% to 76 cents per share.

During the third quarter, PayPal added 9.8 million active...
(Excerpt) Read more at: TechCrunch
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