PayPal announced revenue of $6.92 billion in the fourth quarter of last year, exceeding expectations that were revolving around $6.87 billion.< /p>
The company said that earnings per share amounted to $1.11 compared to $1.12 per share. It expected earnings per share in the first quarter of this year to be about 87 cents, less than 1.16 cents per share. Dollars predicted by CNBC Arabia analysts.
The company reported mixed fourth-quarter 2021 earnings Tuesday, and provided guidance for the next quarter that fell short of analyst estimates.
Paypal expects revenue to grow between 15% and 17% in the whole of 2022, on a spot and foreign currency neutral basis, while analysts expect revenue growth On an annual basis for 2022 to be 17.9%.
For his part, CEO Dan Schulman said the company has taken a measured approach to its guidance for the year. He also blamed external factors such as inflation affecting spending among some parts of PayPal's user base.
