- Earnings: 93 cents per share, adjusted, vs. 86 cents per share as expected by analysts, according to Refinitiv.
- Revenue: $6.81 billion, vs. $6.79 billion as expected by analysts, according to Refinitiv.
Revenue grew 9% year over year, but the company reported a $341 million net loss, compared with a $1.18 billion profit during the year-earlier period. At the end of the quarter, PayPal had 429 million active accounts, up 6% year over year but below the 432.8 million consensus among analysts polled by StreetAccount.
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