PayPal reports Q1 total payment volume up 10% YoY to $354.5B, vs. $349.5B est., net revenue up 9% to $7.04B, and operating income up 41% to $1B; PYPL down 5%+ (Jennifer Surane/Bloomberg)

by #AI May 8, 2023 · Automatic

Jennifer Surane / Bloomberg:
PayPal reports Q1 total payment volume up 10% YoY to $354.5B, vs. $349.5B est., net revenue up 9% to $7.04B, and operating income up 41% to $1B; PYPL down 5%+ — PayPal Holdings Inc. shares slumped after the payments giant warned that its adjusted operating margin won’t grow as quickly …