PayPal’s Q3 2024: profitable evolution from growth story to value play 💰📊; Klarna's valuation doubles to $14.6B as IPO preparations heat up for 2025 😳🔔

FinTech is Eating the World, 29 October

Hey Everyone,

Happy Tuesday & greetings from Vegas again! 🇺🇸 Today’s issue is really hot as we’re looking into PayPal and their latest financials showing profitable evolution from growth story to value play (breaking down the most important Q3 2024 numbers, what they mean & what’s next + bonus reads on PayPal & co), and Klarna whose valuation just doubled to $14.6B ahead of 2025 IPO (what it means & what it tells us about FinTech + more bonus reads on Klarna inside). Let’s just jump straight into the awesome stuff 🌶️

PayPal’s Q3 2024: profitable evolution from growth story to value play 💰📊

Earnings time ☎️ Finance giant PayPal PYPL 0.00%↑ just reported better-than-expected third-quarter earnings, yet revenue came in a bit light of expectations. This led to shares going down 7% on Tuesday following the earnings report. Ouch 🤕

Nevertheless, PayPal's Q3 2024 results reveal a company in transition, successfully pivoting from pure growth to profitable efficiency under new CEO Alex Chriss (he just hit his one-year anniversary at the company last month 🎉).

Let’s take a closer look at the most important numbers, see what they mean, and whether PayPal is worth your time and money in 2024 and beyond.