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PayPal sales up 15% to USD 2.26 bln, adds 4 mln users
2015-10-29 08:58:00| Telecompaper Headlines
(Telecompaper) Digital payment processor PayPal reported third quarter revenues up 15 percent year on year to USD 2.26 billion, or USD 0.31 per share, just below its anticipated earnings target of USD 2.27 billion, or USD 0.29 per share. In what was the company's first earnings report since splitting from eBay in July, PayPal said the strength of the USD dollar hurt its transaction volumes in Europe and China, with revenues rising 19 percent on an FX neutral basis. However, the company's adjusted profits rose 31 percent to USD 377 million and it increased its total payment volume by 27 percent to USD 68.74 billion, including USD 2.1 billion processed through its P2P app Venmo, which grew 200 percent year on year. Transactions from mobile devices were up 38 percent from the previous quarter alone to a total of 345 million. Customer numbers increased from 169 million in Q3 to 173 million on 30 September and the company continued to add new partners, announcing deals with Macy's, Shell in the UK and Latin America's largest mobile provider America Movil.
Tags: sales
users
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paypal
Category:Telecommunications