PayPalAfter reporting mixed results on Tuesday and Q1 guidance below analysts’ estimates, shares plunged more than 16%.

Below are some key numbers

• Earnings per share:1.11 cents per share (ex-items) vs. the $1.12 expected per share according to Refinitiv’s survey of analysts.
• Revenue:6.92 billion, compared to $6.87 billion anticipated. Refinitiv

Analysts had expected a Q1 non GAAP earnings per share of $1.16, but the company now expects 87cs.

PayPal expects revenue to grow about 15% to 17% full year 2022 revenue, on a spot and foreign-currency-neutral basis. An analyst had predicted that revenue would grow by 17.9% year-over-year in 2022.

CNBC’s Kate Rooney was informed by Dan Schulman, CEO of PayPal that the company had taken a “measured approach” to its guidance in the past year.

We’re able to manage the eBay transition. The transition “is hiding some the underlying strength” of the company, he stated. He also said that eBay placed $1.4billion of revenue pressure upon him last year. The revenue will rise to $600 millions this year.

He also blamed “exogenous variables like inflation” for the lower spending of some PayPal userbase members.

Schulman said, “Supply chain has disproportionately affected cross-border especially from China,”

PayPal claimed it added 9.8 million net new active accounts (NNAs), in its fourth quarter. This includes 3.2million from the acquisition of Paidy.

This report was written by Kate Rooney from CNBC.

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