0
Broadband

PayPal revenues up 18% to USD 2.7 bln in Q3, raises forecast

Friday 21 October 2016 | 08:49 CET | News
Digital payments platform PayPal reported third-quarter revenues up 18 percent to USD 2.67 billion from USD 2.26 billion a year earlier. The total value of payments also soared by 18 percent to USD 87.0 billion while active customer accounts increased 11 percent to 192 million and the company finished the quarter with a net profit of USD 425 million, up 13 percent from a year ago. However, PayPal's transaction margins dipped slightly to 58.7 percent from 59.8 percent in the second quarter on the basis of 1.5 billion total transactions. In the light of the strong results, the payments company

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Alibaba / Ebay / PayPal
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

PayPal revenues climb 21% to USD 3.2 bln in Q3, raises guidance

Published 20 Oct 2017 09:25 CET | World
Digital payments platform PayPal said revenues soared 21 percent year on year to USD 3.239 billion in a strong third quarter, ...

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

Published 27 Apr 2017 11:50 CET | World
Digital payments platform PayPal reported net revenues up 17 percent year on year for the second consecutive quarter to USD 2.98 ...

EBay meldt lichte omzetstijging na feestseizoen

Published 26 Jan 2017 11:51 CET | World
EBay heeft over het vierde kwartaal van 2016 een omzet gerealiseerd van 2,4 miljard dollar, een stijging van 3,1 procent op ...

Mexico's Telcel teams up with PayPal on Telcel Pay launch

Published 12 Jan 2017 14:40 CET | Mexico
Mexican mobile operator Telcel (America Movil) has teamed up with payments platform PayPal to launch a digital wallet app to help ...

PayPal accuses Paytm of trademark infringement

Published 26 Dec 2016 05:25 CET | India
PayPal has filed a trademark infringement complaint with the Indian Trademark office against Indian mobile wallet company Paytm, ...

PayPal sales up 19%, adds 4.5 mln new users in Q1

Published 28 Apr 2016 08:48 CET | World
PayPal reported net revenues up 19 percent to USD 2.54 billion in the first quarter, with net income jumping 43 percent to USD ...

eBay revenues jump 4% to USD 2.1 bln in Q1

Published 27 Apr 2016 08:34 CET | World
Online retailer eBay reported first quarter revenues up 3.7 percent year on year to USD 2.14 billion from USD 2.10 billion from ...

PayPal adds 6.6 mln new users in Q4

Published 28 Jan 2016 09:14 CET | World
PayPal added a record number of active users in the fourth quarter, growing its base by 6.6 million to 179 million at the end of ...

PayPal sales up 15% to USD 2.26 bln, adds 4 mln users

Published 29 Oct 2015 08:58 CET | World
Digital payment processor PayPal reported third quarter revenues up 15 percent year on year to USD 2.26 billion, or USD 0.31 per ...





Calendar   /   Industry Events

27 Oct GSMA Thrive North America
28 Oct Telecoms World Asia 2020
29 Oct Swisscom Q3 2020
29 Oct Hrvatski Telekom Q3 2020
29 Oct Comcast Q3 2020
29 Oct Veon Q3 2020
29 Oct NTT Docomo fiscal Q2
29 Oct Fortinet Q3 2020
29 Oct Corning Q3 2020
29 Oct Spotify Q3 2020
29 Oct CyrusOne Q3 2020
29 Oct Alphabet Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct Orange Q3 2020
29 Oct Nokia Q3 2020
29 Oct BT fiscal Q2
29 Oct Twitter Q3 2020
29 Oct Altice USA Q3 2020
29 Oct Poly fiscal Q2
29 Oct HKBN FY results
29 Oct Motorola Solutions Q3 2020
29 Oct Amazon Q3
29 Oct Ribbon Communications Q3
29 Oct Dasan Zhone Q3
29 Oct Teleste Q3 2020
29 Oct Apple fiscal Q4
29 Oct Facebook Q3 2020
29 Oct Telesat Q3 2020
29 Oct Tucows Q3 2020
29 Oct Samsung Electronics Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
30 Oct MediaTek Q3
30 Oct KDDI fiscal Q2
30 Oct Shaw Communications fiscal Q4
30 Oct Charter Communications Q3 2020
30 Oct Rovio Q3 2020
30 Oct Millicom Q3 2020
30 Oct Proximus Q3 2020
30 Oct Tecnotree Q3 2020
::: More Calendar Items