PayPal adds 13.8 million new active accounts in the fourth quarter of 2018

Shares of PayPal Holdings have dropped by almost 4 percent on Wednesday trading at one. Wall Street's expectations of online payments forecasting in a short period of time after the forecast was in the current quarter. In the first quarter, PayPal notes that revenue is expected to be between $ 4.08 billion and $ 4.13 billion, down from an average of $ 4.16 billion analysts. The company reaffirmed its full year outlook.

In the fourth quarter, which ended in December, the revenues reached $ 4.23 billion (about 30,000 kilograms) versus 3.74 billion dollars, the average of negative analysts was $ 4.24 billion, according to Refinitiv's IBES data.

Except for disposable items, PayPal cost 69 cents per share, which estimated the average estimate of the valuation at 67 cents.

In the fourth quarter net income reached $ 584 million (about 4,000 pounds) or 49 cents per share, a year earlier, from $ 620 million or 50 cents.

Sharp shares in California have dropped by 3.7 per cent to $ 89.00 on Wednesday.

PayPal is divorced from eBay's e-commerce platform in 2015 and focuses on expanding the range of services that offer consumers and merchants to earn acquisitions and partners.

In the fourth quarter, lost earnings were largely driven by slower growth than eBay payments and unfavorable foreign exchange rates. PayPal's managers were summoned by analysts.

"EBay slows down, but the rest of the business is getting faster," executive director Daniel Schulman said in an interview.

PayPal has added a record of 13.8 million active accounts in the fourth quarter to 8.7 million last year. About 2.9 million of these accounts have been added to the acquisition.

The company has recycled $ 164 billion over the period to 23 percent.

Venno coincided with his peer-to-peer payment appendix with his younger colleagues in the fourth quarter, generating $ 19 billion, 80 percent from the same quarter last year.

PayPal said it has made a breakthrough in cash from the program, the main discount service is free of charge, with initiatives, such as the Venmo payment card and instant cash service.

The company predicts that in 2019, Venmo will contribute to $ 200 million in revenue, said Schulman after the rank of analysts.

PayPal Chief Financial Officer John Reyney has added that the company is not expecting Vinmey to even break into the next quarter or two, but "we see what we do."

© Thomson Reuters 2019

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