Trending Assets
Top investors this month
Trending Assets
Top investors this month
$PYPL Venmo - Goldman Conference
“First of all, to your point, we're doing almost $0.25 trillion of TPV through Venmo, close to 90 million active accounts, 55 million active monthly accounts. So it's an extremely large, highly engaged base of customers that are now driving over $100 million of revenue every month.” Dan Schulman, CEO
- That is a run rate revenue of $1.2B, i.e. 33% higher that 2021 revenue of c.$900M.
“creating teen accounts that will open the addressable market for Venmo by some 20 million or 30 million incremental people inside the U.S., getting ready and looking at international expansion there”, Dan Schulman, CEO
- International expansion could be huge. Any incremental increase in TAM (teen accounts) is a bonus.
“And then obviously, we've got Pay with Venmo, Amazon. Amazon is 30% of U.S. e-commerce-ish, think about the number of merchants that we would have to sign up here in the U.S. to get that same scale for Pay with Venmo, it would be multiple, multiple millions.” Dan Schulman, CEO
- Self explanatory and was one of the significant opportunities we noted in our deep dive. It shall be noted that $PYPL and $AMZN are working on the final technical issues.
stockopine.substack.com
PayPal Deep Dive
PayPal Holdings Inc. was spun off from eBay in 2015 and is a leading technology platform that enables digital payments and simplifies commerce experiences of merchants and consumers worldwide. By leveraging technology to make financial services and commerce more convenient, affordable and secure, the PayPal platform is empowering people and businesses to join and thrive in the global economy.
Already have an account?