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PayPal Shares Slump as Revenue Growth Slows
The payment giant’s quarterly revenue increased 13% in the fourth quarter, down from a 25% increase a year ago.
By Nelson Wang
Updated May 11, 2023, 4:05 p.m. Published Feb 1, 2022, 10:27 p.m.
Shares of PayPal (PYPL) fell more than 16% after the payments giant reported Q4 earnings that just missed analyst estimates and a slowdown in revenue growth.
- Total revenue rose 13% to $6.9 billion, in line with the consensus of analysts' estimates, according to FactSet, but significantly slower than the 25% growth recorded in the year-ago quarter.
- PayPal reported adjusted earnings per share of $1.11 for the fourth quarter, just below the analyst consensus estimate of $1.12.
- PayPal added 9.8 million net new active accounts in the quarter, including 3.2 million from the acquisition of Paidy. That was down, however, from 13.3 million net new active accounts added in Q3.
- Total payment volume for the quarter was $339.5 billion, up 23% year over year on a spot and foreign-exchange neutral basis. Transaction revenue came in at $6.4 billion, up from $5.61 billion in the third quarter.
- Part of PayPal’s transaction revenue comes from the company’s crypto “buy, sell and hold” product, but the company excludes crypto payments from total payment volume.
- In early January, PayPal confirmed it is looking into developing its own stablecoin as its crypto business continues to grow.
- Shares of PayPal were down 16.2% to $147.40 in after-hours trading on Tuesday.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
What to know:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
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