Fee options agency PayPal Holdings Inc. (NASDAQ: PYPL) on Tuesday introduced monetary outcomes for the second quarter of 2022, posting a rise in revenues.
Internet revenues rose 9% year-over-year to $6.8 billion within the second quarter amid a powerful improve in complete cost volumes. The highest line barely exceeded consensus estimates.
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Second-quarter web loss, together with particular objects, was $341 million or $0.29 per share, in comparison with a revenue of $1.18 billion or $1.0 per share within the second quarter of 2021. Adjusted earnings declined to $0.93 per share from $1.15 per share final yr.