Paypal CFO Says Expect Lower Braintree Volume And Revenue Growth In Q4 And Through 2025 Before Reaccelerating
Portfolio Pulse from Benzinga Newsdesk
PayPal's CFO announced that Braintree, a service under PayPal, will experience lower volume and revenue growth in Q4 and through 2025, with expectations of reacceleration afterward.
October 29, 2024 | 12:25 pm
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PayPal's CFO has indicated that Braintree will see reduced volume and revenue growth in the near term, affecting PayPal's overall financial performance.
The announcement of lower volume and revenue growth for Braintree, a significant part of PayPal's business, suggests potential short-term financial challenges for PayPal. This could lead to a negative impact on PayPal's stock price in the short term.
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