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2021-11-09

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PayPal profit rises above estimates as more people shop online

(Reuters) -PayPal Holdings Inc on Monday reported a third-quarter profit above Wall Street estimates

PayPal profit rises above estimates as more people shop online

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In September, the company announced it was buying Japanese buy now, pay later (BNPL) company Paidy in a $2.7 billion deal, a month after rival Square Inc's $29 billion deal for Australian BNPL firm Afterpay.</p>\n<p>However, PayPal said last month it was not pursuing a buyout of digital pinboard site Pinterest Inc, after media reports said it was in talks to buy the social media platform for as much as $45 billion.</p>\n<p>Shares of PayPal were up 4% in trading after the bell.<img src=\"https://static.tigerbbs.com/c411303f76aeb58f158a1e30d2b9d2a3\" tg-width=\"707\" tg-height=\"526\" referrerpolicy=\"no-referrer\"></p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal profit rises above estimates as more people shop online</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal profit rises above estimates as more people shop online\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 05:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/paypal-third-quarter-profit-rises-212704973.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -PayPal Holdings Inc on Monday reported a third-quarter profit above Wall Street estimates, as more people used digital modes of payment to shop and transactions rose through its peer-to-...</p>\n\n<a href=\"https://finance.yahoo.com/news/paypal-third-quarter-profit-rises-212704973.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9f0e4dc76b68be09fde8dcaf88c5b62e","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://finance.yahoo.com/news/paypal-third-quarter-profit-rises-212704973.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2182772815","content_text":"(Reuters) -PayPal Holdings Inc on Monday reported a third-quarter profit above Wall Street estimates, as more people used digital modes of payment to shop and transactions rose through its peer-to-peer payment service Venmo.\nPayPal emerged as one of the big winners of the COVID-19 pandemic as businesses increasingly moved online and consumers preferred using phones and other digital means to pay bills and shop online.\nThe San Jose, California-based digital payments company's net income rose to $1.09 billion, or 92 cents per share, in the three months ended Sept. 30, from $1.02 billion, or 86 cents per share, a year earlier.\nOn an adjusted basis, PayPal earned $1.11 per share, above analyst estimates of $1.07 per share, according to IBES data from Refinitiv.\nNet revenue in the third quarter rose over 13% to $6.18 billion.\nThe payments giant has been beefing up its offerings with acquisitions. In September, the company announced it was buying Japanese buy now, pay later (BNPL) company Paidy in a $2.7 billion deal, a month after rival Square Inc's $29 billion deal for Australian BNPL firm Afterpay.\nHowever, PayPal said last month it was not pursuing a buyout of digital pinboard site Pinterest Inc, after media reports said it was in talks to buy the social media platform for as much as $45 billion.\nShares of PayPal were up 4% in trading after the bell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":570,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}