PayPal Reports Better-Than-Expected Fourth-Quarter Results

PayPal reported better-than-expected fourth-quarter results with earnings per share of $1.48 and revenue of $8.03 billion. Despite the positive earnings, the number of active accounts fell 2% to 426 million, and the company’s guidance for the full year and first quarter fell just short of expectations. CEO Alex Chriss emphasized the company’s commitment to making necessary changes to drive profitable growth in the future.