PayPal lifts 2024 profit forecast as spending stays resilient, margins improve

Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #police - PayPal raised its full-year adjusted profit forecast on Tuesday, as the payments giant benefited from robust consumer spending, while measures to cut costs improved operating margins in the first quarter.

"2024 remains a transition year and we are focused on execution — driving our key strategic initiatives, realizing cost-savings and reinvesting appropriately," said CEO Alex Chriss. Total payment volumes increased 14% to $403.9 billion in the first quarter, while net revenue climbed 10% to $7.7 billion on a currency-neutral basis.

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