We are focused on executing in the most cost-effective and efficient way possible.Īs you can tell from our non-transaction-related OpEx performance, we are more than delivering against our plan. Of course, we still have room to improve in multiple areas, but we are making large strides in upgrading our merchant and consumer experiences, which are both significantly strengthened from a year ago. And this work is beginning to reflect in our results. Since we honed our strategic priorities last year, we have consistently executed and delivered against our road map. We know that job number one is to invest and innovate to improve our value proposition to our merchants and consumers. In these times, the strong message I'm giving the PayPal team is to focus on the things we can control. Both the macroeconomic and geopolitical environments are complex and difficult to predict. Even with the strong start, there remain many challenging issues to navigate as we look forward. And I'm particularly pleased to see the TPV from our branded checkout meaningfully accelerate to 6.5% growth FXN, up 200 basis points from Q4, while our unbranded TPV growth also accelerated from Q4 to post year-over-year growth of 30% FXN. We had a good start to the year with stronger than expected growth across our key financial metrics. Thanks, Gabs, and thanks, everyone, for joining us today. With that, let me turn the call over to Dan. We expressly disclaim any obligation to update this information. All information in this presentation is as of today's date, May 8, 2023. You should not place undue reliance on any forward-looking statements. You can find more information about risks, uncertainties and other factors that could affect our results in the most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the SEC and available on our Investor Relations website. Our actual results may differ materially from these statements. These statements include our guidance for the second quarter and full year 2023, our planning assumptions for 2023 and our comments related to anticipated foreign exchange rates, operating margins and share repurchase activity. We will make forward-looking statements that are based on our current expectations, forecasts and assumptions and involve risks and uncertainties. You can find the reconciliation of these non-GAAP measures to the most directly comparable GAAP measures in the presentation accompanying this conference call. In discussing our company's performance, we'll refer to some non-GAAP measures. This conference call is also being webcast, and both the presentation and call are available on our Investor Relations website. We're providing a slide presentation to accompany our commentary. Joining me today on the call is Dan Schulman, our President and CEO. Welcome to PayPal's earnings conference call for the first quarter of 2023. Good afternoon, and thank you for joining us. Gabrielle Rabinovitch, Senior Vice President and Acting CFO. I would now like to introduce your host for today's call, Ms. At this time, I would like to welcome everyone to PayPal Holdings Earnings Conference Call for the First Quarter 2023. My name is Sarah, and I will be your conference operator for today. Gabrielle Rabinovitch - SVP and Acting CFO ( NASDAQ: PYPL) Q1 2023 Earnings Conference Call 5:00 PM ET
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |