PayPal : Q3 2021 broadly in line, 2021 guidance and 2022 forecasts < estimates, Venmo/Amazon partnership – target price adjusted to $ 340 (vs $ 380)
>Q3 2021 broadly in line with expectations - Paypal published yesterday evening (after closing) Q3 2021 results broadly in line with expectations. Revenues came to $ 6.18bn, up 13% y-o-y (consensus $ 6.22bn, guidance $ 6.15-6.25bn). Total payment volumes (TPV) came in at $ 310bn, representing a 26% y-o-y increase (of which +36% y-o-y for Venmo), while the number of new PayPal accounts stood at 13.3m. The operating margin (non-GAAP) came to 23.8% (consensus 24.4%). Adj...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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