PayPal PayPal publishes its financial report for the third quarter




PayPal has released a PayPal its financial report for the third quarter of the current fiscal year, the current financial report comes as the first single report for the company since its separation from site eBay this summer.

The payments company, which is headquartered in San Jose, Calif. Said its net profit amounted to $ 301 million, or 25 cents per share,

While the company’s revenues amounted to $ 2.26 billion, an increase of 19% on an annual basis, and the financial market on Wall Street had expected revenues of up to $ 2.27 billion.

Said Dan Schulman, CEO and Executive Director of the company in a prepared statement that the company is totally focused on accelerating its leadership in the world of payments within the digital space.

Said Dan, “We are working at a time of sweeping change, the financial services industry, payments and by the rise of mobile technology and electronic payment on the way and the increasing shift money to the digital case,” and said, “This trend is a direct pressure on our strengths and our field in business and we are trying to take advantage of this shift to expand and accelerate our progress. ”

Looking deeper into the results of any financial Pal company says that it now has 173 million active user account, which shaped up from the previous figure of 169 million in the previous quarter, as private transfers within the same account transactions increased by 12%.

And increased the total size of the company Paypal payments 27% to reach $ 70 billion, was 24% of them from the mobile phone, and made P2P digital wallet service Venmo alone about $ 2.1 billion of transaction volume, an increase of 200% from last year.


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