Successfully react to the increasing importance of mobile payments the companys need to manage an increasingly large enterprise with a broad range of businesses of varying degrees of maturity and in many different geographies the effect of To: changes in political, business and economic conditions, including any European or general economic downturn or crisis and any conditions that affect payments or credit fluctuations in foreign currency exchange rates the companys need to Factors that could cause or contribute to such differences include, but are not limited There is no assurance as to the timing of the spin-off or whether it will be completed. Results should not be considered as an indication of future performance. The companys actual results could differ materially from those predicted or implied and reported Separation is completed, the companys projected financial outlook and future growth in the companys business and mobile payments. These statements include, but are not limited to, statements regarding the completion and timing of any such separation, the future performance of the PayPal business on a standalone basis if the and its consolidated subsidiaries that are based on the companys current expectations, forecasts andĪssumptions and involve risks and uncertainties. This presentation contains forward-looking statements relating to,Īmong other things, the planned separation of PayPals business from eBay Inc., and the future performance of PayPal Holdings, Inc. Intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles. ![]() ![]() The presentation of this financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not This measure may be different from non-GAAP financial measures used by other companies. PayPal is trading on the Nasdaq Stock Market under the stock ticker "PYPL," its original symbol before being acquired by eBay.This presentation includes the following financial measure defined as a non-GAAP financial measure by the Securities and Exchange Commission, or SEC:įree cash flow. The call came as PayPal's revenues were growing 19 percent last year, twice as quickly as eBay's, thus promising huge profits from going public. In January this year, activist investor Carl Icahn, who according to the Reuters news agency owns a 2.48 percent stake in eBay, for the first time called for the separation and PayPal stock market listing. The California-based online payment firm had some 169 million active users and processed 1.1 billion transactions in the second quarter, with transaction volume rising 27 percent from a year earlier, according to the company. PayPal was founded in the late 1990s and bought by eBay in 2002 for $1.5 billion. The company plans to grow market share in mobile and online payments as well as expand in areas like in-store payments. PayPal processed around $235 billion in total payment volume last year and logged revenue amounting to some $8 billion. on Friday, 10 months after they announced their split. PayPal officially separated from eBay Inc. Meanwhile, eBay rose 0.86 percent to $28.35, equating to a market value of around $34 billion. PayPal shares rose by about 5 percent in early trading Monday, bringing the company's value to about $50 billion (46 billion euros).
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