PayPal Forms AI Alliance After Strong Quarterly Performance
PayPal Holdings has announced a partnership with OpenAI, positioning itself at the forefront of AI-driven commerce, alongside its third-quarter earnings release.
Financial Performance Exceeds Projections
The company delivered robust third-quarter results, with non-GAAP earnings per share of $1.34, exceeding the $1.19 consensus estimate. Revenue grew 7% year-over-year to $8.4 billion, ahead of projections.
- Non-GAAP earnings per share: $1.34
- Revenue: $8.4 billion, up 7% year-over-year
Management raised its full-year guidance, anticipating non-GAAP EPS in the range of $5.35 to $5.
Author's summary: PayPal partners with OpenAI after strong Q3 performance.