StockOpine's avatar
$42.5m follower assets
$PYPL Q2 headlines
  • Revenue and Non-GAAP EPS beat
  • Confirmed Elliot Management Corp. investment
  • Announced new CFO
  • New $15B buyback authorization
  • Cost savings program
  • Stock is up by >11% AH

Detailed analysis will follow in the next couple of days.
Neil's avatar
Those cost savings were music to my ears. As well as Venmo and Braintree's growth
Christian's avatar
@couch_investor venmo is killer man
Joshua Simka's avatar
@christian7621 @couch_investor I noted that Venmo total payment volume was down quarter-over-quarter, though up year-over-year. I was happy to see guidance for double-digit TPV growth through FY2022 though.
StockOpine's avatar
@tomato not sure about this. In the latest quarter Venmo TPV was $57.8B compared to $61.4B in the current quarter (an increase of 6%).
StockOpine's avatar
@couch_investor indeed. Lots of positive developments in the current quarter.
Rihard Jarc's avatar
@couch_investor I am curious how $SQ CashApp will do vs these Venmo numbers. Looking at download charts of US fintech apps, CashApp on top of the lists.
Joshua Simka's avatar
@stockopine Yes, you're right. I meant to say that sequentially, YoY growth rates in Venmo TPV were down. As you point out, in Q1-22 Venmo processed $57.8B in TPV (12% growth) and in Q2-22 Venmo processed $61.4B (6% growth).
StockOpine's avatar
@tomato got you. At least Venmo revenue is up +50% and commerce volumes increased by +250%.
Dan also announced a complete refresh of the app to improve ease of use. Adding the Pay with Venmo on Amazon potential we should expect TPV growth to accelerate.
Christian's avatar
Beautiful numbers. Let the numbers do the talking!
Conor Mac's avatar
Pretty solid quarter (only had a cursory glance so far), but feel good about nibbling a little earlier in the year.
StockOpine's avatar
@investmenttalk same feeling over here. Will read it inside out later in the afternoon.
Christian's avatar
@stockopine that’s my problem too. I only had a small chance to glance at it. I also had Starbucks and Airbnb report the other day so it was a busy night lol