PayPal Holdings Inc. (NASDAQ: PYPL) announced financial results for the third quarter of 2023. The payment solutions provided also issued guidance.
Third-quarter revenues came in at $7.42 billion, compared to $6.85 billion in the corresponding period of 2022. For the fourth quarter, the company expects revenues to grow by around 6-7%.
Adjusted earnings were $1.30 per share in the three-month period, compared to $1.08 per share in the year-ago quarter. On a reported basis, net profit was $1.02 billion or $0.93 per share in Q3, vs. $1.33 billion or $1.15 per share last year.