The payment service PayPal significantly increased its turnover and profit in the last quarter of 2023.
Revenues rose by 10% year-on-year to just over $8 billion, PayPal said after the US stock exchange closed on Wednesday.
Profit jumped by 52% to $1.4 billion. At the same time, PayPal missed market expectations with its outlook for the current year.
The company expects adjusted earnings per share of $5.10, while analysts had expected an average of $5.48. The share price fell by around 1.8% at times in after-hours trading.