(Tiper Stock Exchange) – PayPala US company that offers digital payment and money transfer services, has registered Net revenues of 7.4 billion dollars in fourth quarter of 2022, up 7% and 9% on a neutral currency basis. L’adjusted earnings per share it was $1.24, compared to $1.11 per share in the same quarter a year ago. Analysts were expecting average adjusted earnings per share of $1.20 on revenues of $7.39 billion, according to Refinitiv data.
The fintech giant said it expects a adjusted profit for full year 2023 of approximately $4.87 per share, higher than the $4.75 expected by the market.
The company has announced that the president and CEO Dan Schulman informed the board of directors of his intending to retire on December 31, 2023, and that he will work with the board on a smooth leadership transition. Schulman will continue to serve on the board of directors.
“It has been a huge privilege to have the opportunity to lead this great company for the last 8 and a half years – he explained – However, I am at a moment in my life where I want to devote more time to my passions outside of work. I remain 100% committed to working closely with the board and my eventual successor for a smooth transition and to ensure we keep our positive momentum on track.”
Schulman joined PayPal in 2014 For lead the company as an independent listed company after his separation from eBay. Under his leadership, PayPal’s market capitalization growth surpassed the S&P 500. Revenues increased from $9.2 billion in 2015 to $27.5 billion in 2022, with total active accounts more than doubling to over 430 million in 200 markets.
(Photo: Photo by Marques Thomas on Unsplash)