How PayPal’s Venmo App Is Boosting Its Revenue Growth
Payment company PayPal (PYPL), which spun off from eBay (EBAY) in 2015, delivered 14.0% revenue growth to $3.68 billion in the third quarter. This growth topped analysts’ estimates of $3.66 billion. However, this growth could have reached 21.0% if the company had not sold PayPal’s US consumer credit portfolio to Synchrony Financial (SYF) in July.