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Wireless

PayPal revenues up 17%, adds 6 mln new users in Q1

Thursday 27 April 2017 | 11:50 CET | News
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Digital payments platform PayPal reported net revenues up 17 percent year on year for the second consecutive quarter to USD 2.98 billion in the January to March period. The company's net profit was up 5 percent to USD 384 million, or 32 cents per share, from USD 365 million, or 30 cents per share, a year earlier. The results were again driven by higher payment processing volumes and user growth, with the company adding 6.0 million active customers in the quarter to reach 203 million customer accounts, including 16 million merchant accounts.

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Categories: Internet / Mobile & Wireless
Companies: PayPal
Countries: World
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