PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027

At PayPal's first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn't just an easy way to split the dinner tab.Chriss, who took the helm in September 2023, is trying to spur a turnaround at the payments company, and Venmo is a key part of his effort. The company told investors in New York on Tuesday that Venmo can top $2 billion in revenue by 2027. The last time PayPal provided an annual revenue figure for Venmo was 2021, when it was about$900 million. For ...