PayPal joins internet earner spree, reports 17 percent revenue rise

PayPal sees 17 percent rise in revenue as EBay's shares drop by 10 percent.

@smithymayo
Published Thu, Jan 28 2016 10:34 AM CST   |   Updated Tue, Nov 3 2020 12:01 PM CST

PayPal has joined Facebook in a positive earnings announcement , stating that it has enjoyed a revenue rise of 17 percent.

PayPal joins internet earner spree, reports 17 percent revenue rise | TweakTown.com

The result of this rise was a 6 percent increase in stock, thanks to the reported fourth quarter adjusted revenue of $2.56 billion, marking a 17% improvement year-over-year and an adjusted net income of $443 million. This net income figure made for a 36 cents per share earning, ensuring a 27 percent growth since the fourth quarter of 2014 and helping cement PayPal as the king of digital payments.

Sporting a market cap of $39 billion, PayPal is enjoying a higher evaluation and better results than its sister company EBay, which is rated at $32 billion and has seen a recent 10 percent drop in shares, part of a turbulent existence since the seperateion of these two giants 2015.

NEWS SOURCE:techcrunch.com

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

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