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PayPal growth slows in Q4 following Ebay loss

February 4, 2022

Via: Charged
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PayPal has seen its shares nosedive by 18% as its financials missed analyst expectations and the outlook was downgraded.

Earnings per share came in at £0.81 ($1.11) for the fourth quarter, versus expectations of £0.82 ($1.12). Revenue was a beat at £5.2bn ($6.92bn), compared to expectations of £5.6bn ($6.87bn).

However, transactions per active account, the metric PayPal uses for engagement, grew by 11% year-on-year, in line with Q3’s performance.

On the company’s recent earnings call, chief financial officer John Rainey said that the company started off the quarter strong, recognising October’s “pull forward in holiday shopping.”

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