PayPal Stock: The Market Got It Wrong
First off, let's quickly review the actual results for the past quarter.In Q4 FY2023, PayPal reported a 5% YoY increase in branded checkout growth, slightly down from the previous period but still in line with expectations. PayPal reported a 9% revenue growth driven by a $410 billion total payment volume . The company maintained strong expense discipline, reducing non-transaction-related expenses by 9% YoY. This led to a 19% YoY increase in non-GAAP EPS, beating the consensus estimate and reflec