{"id":15004,"date":"2021-11-10T10:01:52","date_gmt":"2021-11-10T15:01:52","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=15004"},"modified":"2021-11-22T16:55:13","modified_gmt":"2021-11-22T21:55:13","slug":"paypal-release-q3-report-adds-13-3-million-useres","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/paypal-release-q3-report-adds-13-3-million-useres\/","title":{"rendered":"PayPal Release Q3 Report, Adds 13.3 Million Users"},"content":{"rendered":"\n<p data-ar-index=\"0\">PayPal ended the third quarter on a high as the company reported net revenue of $6.18 billion and strong user growth with 13.3 million new users.<\/p>\n\n\n\n<p data-ar-index=\"1\">A closer look at third-quarter earnings showed PayPal processed a total of $310 billion in payment volumes, indicating TPV growth of 26% year-on-year.<\/p>\n\n\n\n<p data-ar-index=\"2\">Its social payments platform Venmo processed about $60 billion in TPV, a 36% jump from year over year.<\/p>\n\n\n\n<p data-ar-index=\"3\">Commenting on the company&#8217;s excellent third quarter, PayPal CEO Dan Schulman said, &#8220;Our third-quarter results show solid growth on top of a record year. The strength of PayPal&#8217;s two-sided platform and ubiquity in our core markets has set us up to grow at scale, expand our work with existing merchants and attract new partners. We&#8217;re thrilled that we are teaming up with Amazon to enable customers in the U.S. to pay with Venmo at checkout.&#8221;<\/p>\n\n\n\n<p data-ar-index=\"4\">Looking ahead, PayPal forecasts fourth-quarter revenue of between $6.85 billion and $6.95 billion. In addition, the company expects TPV growth of 34% in 2021 and a net new active account of around 55 million.<\/p>\n\n\n\n<p data-ar-index=\"5\">For fiscal revenue, the company expects tax revenues to be between $25.3 billion and $25.4 billion in 2021.<\/p>\n\n\n<p data-ar-index=\"6\">For more information, read the <a href=\"https:\/\/www.zdnet.com\/article\/paypal-adds-13-3-million-new-accounts-in-q3-reports-revenue-of-6-18-billion\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in ZDNet.<\/p>","protected":false},"excerpt":{"rendered":"<p>PayPal ended the third quarter on a high as the company reported net revenue of $6.18 billion and strong user growth with 13.3 million new users.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[247],"class_list":["post-15004","post","type-post","status-publish","format-standard","hentry","category-data-analytics","tag-paypal"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/15004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=15004"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/15004\/revisions"}],"predecessor-version":[{"id":15153,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/15004\/revisions\/15153"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=15004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=15004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=15004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}