PayPal Holdings Inc beat Wall Street estimates for quarterly profit and said U.S. users of its peer-to-peer payment service Venmo would be able to pay on Amamzon.com starting next year.
The company emerged as one of the big winners of the COVID-19 pandemic as more businesses moved online and consumers preferred using phones and other digital means to pay bills and to shop.
The San Jose, California-based digital payments company’s net income rose to $1.09 billion, or 92 cents per share, in the three months ended Sept. 30, from $1.02 billion, or 86 cents per share, a year earlier.
On an adjusted basis, PayPal earned $1.11 per share, above analysts’ average estimate of $1.07, according to IBES data from Refinitiv.
Net revenue in the third quarter rose over 13% to $6.18 billion.
The payments giant has been beefing up its offerings with acquisitions. In September, the company announced it was buying Japanese buy now, pay later (BNPL) company Paidy in a $2.7 billion deal.
via Reuters
Morning Briefing
Court orders police to examine new evidence after Fenech acquittal
The Criminal Court has ordered police to examine testimony heard during Yorgen Fenech’s murder t...
Italian Prime Minister Giorgia Meloni will mark a political milestone Friday, Sept. 4, when she joins senior members of the governing majority at Bari's new cruise terminal.
Her gover...
Morning Briefing
Court orders police to examine new evidence after Fenech acquittal
The Criminal Court has ordered police to examine testimony heard during Yorgen Fenech’s murder t...
Updated1115
Government backs institutions as PN demands answers after Fenech acquittal: The government said it remains committed to ensuring justice is served, stressing that institut...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Growth in the euro zone's dominant services industry slipped to a two-month low in August though solid and broad-based demand kept overall private sector activity on an even keel, a sur...
The first edition of HEKATECH.HEALTH 2026, to be held in Malta on November 26, will focus on how health systems can reconcile two increasingly urgent demands: expanding access to new med...
Artificial intelligence has already transformed industries such as finance and education, but one of its most important tests may come in medicine: discovering new drugs.
Pharmaceutic...
Malta’s new pay transparency regulations, which came into effect on the 5th of June, aim to strengthen fairness and equality in the workplace, but employers are warning that the rushed i...
The first edition of HEKATECH.HEALTH 2026, to be held in Malta on November 26, will focus on how health systems can reconcile two increasingly urgent demands: expanding access to new med...
Malta Public Transport has launched its Back to School campaign, offering eligible students the opportunity to register for a personalised Tallinja card free of charge, including postage...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine wants peace but will not just give in to Russia at any price, President Volodymyr Zelenskiy said on Monday in a defiant speech marking Independence Day celebrations.
British...
Russia is open to listening to new proposals on how to reach a settlement on the Ukraine conflict, a senior Russian diplomat said, but any proposals should reflect the "realities on the...
