PayPal third-quarter profit rises 7% on online payments shift By Reuters
© Reuters. FILE PHOTO: A smartphone with the PayPal emblem is positioned on a laptop computer on this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photograph
(Reuters) – PayPal Holdings Inc (NASDAQ:) reported an almost 7% rise in third-quarter revenue on Monday, fueled by increased adoption of digital modes of fee and extra transactions made via its peer-to-peer fee service Venmo.
The corporate’s internet revenue rose to $1.09 billion, or 92 cents per share, within the three months ended Sept. 30, from $1.02 billion, or 86 cents per share, a 12 months earlier.
Analysts on common had anticipated a revenue of $1.07 per share, in keeping with IBES knowledge from Refinitiv.
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