"PayPal Faces Stock Slide and Growth Concerns Amid Decline in Active Users"
TL;DR
PayPal's shares fell 10% after reporting a decline in active accounts and projecting minimal profit growth for the current year. The company's total active accounts dropped to 426 million in the December quarter, and it expects adjusted earnings per share of $5.10 for 2024, in line with the prior year. PayPal is aiming to explore new areas for growth with higher margin opportunities, such as international and small business, as it seeks to address the decline in active users and tepid views for growth.
- PayPal Shares Fall 10% Following Decline in Active Users, Tepid Views for Growth MarketWatch
- PayPal needs time to 'turn around a big battleship': Analyst Yahoo Finance
- PayPal’s stock slides as company hits reset but ‘existential question’ lingers MarketWatch
- PayPal issues disappointing guidance even as fourth-quarter earnings top estimates CNBC
- Heard on the Street: PayPal Expects a Profit Growth Pause The Wall Street Journal
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