14 Mar

PayPal Sees Its Q1 Revenue Growing 12%

WRITTEN BY Neha Gupta

PayPal expects continued growth

PayPal (PYPL) is expected to report its first-quarter earnings results next month. In January, PayPal issued a performance outlook that showed it was expecting its first-quarter revenue to come in the range of $4.08 billion–$4.13 billion, indicating potential growth of up to 12% YoY (year-over-year). The company guided for adjusted EPS in the range of $0.66–$0.68. The bigger picture here is that PayPal expects to continue growing even as it comes up against more intense competition from Square (SQ), Amazon (AMZN), and other rivals.

In the fourth quarter, its most recently reported period, PayPal recorded a 13% YoY increase in revenue to $4.23 billion. Square, Amazon, and eBay (EBAY) reported revenue rises of 51%, 20%, and 6.0% YoY, respectively, in the quarter. Revenue rose 2.0% YoY at Fiserv (FISV) but fell 24% YoY at First Data Corporation (FDC) in the quarter.

PayPal Sees Its Q1 Revenue Growing 12%

PayPal’s business drivers

Recently, growth at PayPal has been driven by increases in its number of active customers as well as increases in its number of transactions per customer. In the fourth quarter, for instance, PayPal added more than 13 million new active customers, exiting 2018 with 267 million customers worldwide.

PayPal’s global expansion can also be seen bearing fruit. The company reported a 20% YoY increase in international revenue to more than $2.0 billion in the fourth quarter. In the past two years or so, PayPal has made a number of moves to extend its footprint in several key international markets. In 2017, it launched domestic operations in India, a top-priority market for many digital companies. PayPal also recently announced its intention to partner with MercadoLibre (MELI) to strengthen its payment business in Latin America. PayPal also recently announced the launch of its business loan service in Mexico.

Latest articles

Today, Canopy Growth announced that it acquired the Saskatchewan-based KeyLeaf Life Sciences along with entities relating to the company and its intellectual property. Here's what you need to know about the completed deal.

Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.

On June 24, RH (RH) was trading at $115.01, implying a rise of 21.2% since its announcement of its first-quarter earnings results on June 12. Despite the surge in its stock price, the company is still trading at a discount of 29.1% to its 52-week high.

26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.

172.31.59.107