PayPal : Guidance for 2023 raised slightly but Q1 still fails to reassure on growth prospects in the medium and long term
>Q1 2023 beats expectations, but number of PayPal accounts down - Yesterday evening (after market close), PayPal published Q1 2023 results that beat expectations but also a decline in the number of PayPal accounts. Sales came in a shade above forecasts at $ 7.04bn, up 8.6% y-o-y (consensus and guidance at 7.5%/$ 6.97bn) vs +6.7% in Q4. Total payment volumes (TPV) came in at $ 355bn (consensus $ 344bn), representing a 13% y-o-y increase (of which +9% y-o-y for Venmo),...PayPal Holdings is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company's combined payment solutions include its PayPal, PayPal Credit, Braintree, Venmo, Xoom and iZettle products and services. PayPal's payment solutions enable the company's customers to send and receive payments. PayPal helps merchants and consumers connect, transact, and complete payments, whether they are online, on a mobile device, in an app, or in person. The company provides proprietary payment solutions accepted by merchants that enable the completion of payments on the company's Payments Platform on behalf of its customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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