PYPL - PayPal Is Holding Its Ground Amid Clash Of Digital Payment Titans | Benzinga
In recent years, PayPal Holdings Inc (NASDAQ: PYPL) has been struggling as Big Tech titans, Apple Inc (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) expanded its footprint in digital payments. Even Robinhood (NASDAQ: HOOD) is entering the credit card arena. The Robinhood Gold Card pitch is impressive, to say the least, and promises to give both Apple and PayPal a headache. But at the end of April, PayPal showed it is determined to reignite the growth story of its brand offferings while its unbranded businesses continue to grow, as it confidently lifted its full year adjusted profit guidance.
First Quarter Highlights
For the quarter ended on March 31st, total payment volumes grew 14% to $403.9 billion on increased global consumer spending that held up amid an uncertain economy. Net revenue climbed 10% to $7.7 ...