PayPal, a company that helps people pay online and on their phones, had a big investor meeting! They shared their plans for the future and how they're going to make more money. It was good news for PayPal's stock price.
- PayPal is aiming to increase its profits a lot by 2027.
- They're making it easier for businesses to use their payment services with a new tool called PayPal Open.
- They're also working on getting more people to use Venmo, their popular money app.
- PayPal is facing some competition from companies like Apple Pay, but they're planning to grow.
| Fact | Number |
|---|---|
| PayPal's Stock Increase | More than 3% |
| Projected Profit Growth by 2027 | Low-teens or better |
| Q4 2024 Revenue | $8.37 billion |
| Q4 2024 Total Payment Volume | $437.8 billion |
| Venmo Monthly Active Users | 92 million |
