PayPal (PYPL) shares fell more than XNUMX% after the payments giant reported fourth-quarter results that fell just short of analyst estimates and slowed revenue growth.
- Total revenue grew XNUMX% to €XNUMX billion, in line with analyst estimates, according to FactSet, but significantly slower than the XNUMX% growth seen in the preceding quarter.
- PayPal reported fourth-quarter adjusted earnings per share of €1,11, just below the analysts' consensus estimate of €1,12.
- PayPal added 3 million net new active accounts during the quarter, including XNUMX million from the Paidy acquisition. That, however, was less than the XNUMX million net new active accounts added in the third quarter.
- Total payment volume for the quarter was €339.500 billion, XNUMX% higher than the prior year in cash and excluding currency effects. Transaction revenue was US$XNUMX billion, compared to US$XNUMX million in the third quarter.
- A portion of PayPal's transaction revenue comes from the company's "buy, sell and hold" crypto product, but the company excludes crypto payments from total payment volume.
- In early January, PayPal confirmed that it was considering developing its stablecoin as its cryptocurrency business continues to thrive.
- PayPal shares fell 2% to €XNUMX in after-hours trading on Tuesday.