PayPal reported a record amount of new active accounts added to its platform in April, but it saw a drop in quarterly profit as the Covid-19 pandemic weighs on consumer spending. PayPal President and CEO Dan Schulman, joins “Squawk Box” to discuss.
CNBC Television , May 7, 2020
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PayPal , May 6, 2020
SAN JOSE, Calif., May 6, 2020 /PRNewswire/ — PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its first quarter results for the period ended March 31, 2020. The earnings release and related materials discussing these results can be found on its investor relations website at https://investor.paypal-corp.com/news-events/events.
PayPal Holdings, Inc. will host a conference call to discuss these results at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) today. A live webcast of the conference call will be available at https://investor.paypal-corp.com. In addition, an archive of the webcast will be accessible for 90 days through the same link.
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 300 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.