PayPal Q3: Transaction Volume Up 9%, but Revenue Projections Fall Short

With its transaction growth rates slowing and less than expected revenue guidance for the balance of the year, PayPal focused on its repositioning from peer-to-peer pioneer to two-sided payments technology platform in its Q3 earnings call Tuesday (Oct. 29). Notably absent from the call was any substantial discussion of the financial health of consumers that will drive revenue at the company’s core business, outside of CFO Jamie Miller’s comment that the consumer was “strong.” The focus instead was on new ch ...