$PYPL "Making sure everyone can thrive in the new digital paradigm"

PayPal had a fantastic year in 2020 despite massive alterations to consumer behavior and purchasing behavior. They added 5.3 million new merchants, and 73 million net new active accounts. They now have over 29 million merchants interacting with ~360 million consumers.

Note**

Revenue grew 22% to 21.45 billion on FX neutral basis

Non-GAAP EPS grew 31% year over year to $3.88

2020 Free Cash Flow hit $5 Billion, a 48% year over year increase

More Crypto -

expanding crypto to Venmo, allowing crypto purchases at their merchants later this year, working with regulators to facilitate this

Buy Now, Pay Later -

Rounding Out Their Payments Ecosystem -

Venmo TPV was 47B in Q4'20 up 60%yoy

70 million active accounts on Venmo

Added Venmo Credit Card despite PayPal credit services

eBay is the one platform under the PayPal umbrella doing horribly against competitors; the discrepancy between eBay and its competitors is growing - eBay TPV grew 1% in Q4'20 compared to 76% avg. amongst the top 15 marketplaces -- however, eBay did beat earnings itself and the stock price is currently up ~10% after hours because they brought in

$2.9B in revenue vs. analyst expectations of $2.7B and bought back shares throughout 2020.

Based on google search trends for CashApp and Venmo in the US, CashApp's networks seem to dominate the blue portions of the map and Venmo the red - moreover, if you look at search volume, CashApp outpaces Venmo in the United States during 2018 which sheds some light on Square's position here. However, with 45% of PayPal's accounts being foreign, does this matter? Is PayPal competing internationally at bigger scale more of a threat to the company given the amount of fintech competitors in China, Korea, India, Nigeria, etc? Are there other companies that will dominate this space in a few years that are not nearly talked about enough? Would love to hear thoughts on the broader outlook of the industry from more experienced investors